Where do you keep your Savings?

[Southie]

Re: Where do you keep your Savings?

@Mirch

All expert agree for now safest option is to buy Gold.

@Southie

A very dangerous message - all experts do not agree on anything, let alone the fact Gold is now the best option. where were the experts when Gold was at 250 dollars an ounce about 6-7 yrs ago? Gold may have approached bubble territory. As the Q guy stated, Gold may have a role in ones portfolio in terms of asset allocation. But to suggest to people that Gold is best savings at these levels is plain irresponsible.

Always do your own homework folks. Forums such as these can be used for entertainment - but you get what you pay for. And every once in a while, even Mirch provides bad advice.

Gold is down to 1085 from a peak of 1800 set around the time of your post.