Where do you keep your Savings?

[firenze]

Re: Where do you keep your Savings?

@queer

have you bought any gold? or know anyone who buys gold as an investment?

afaik, w**hen you buy gold, you pay upwards of 2% premium over market rate, and when you sell, you get paid anywhere from 60-80% of market rate. sounds like you lose 22% of your principal right away. **

gold is at record high prices, and everyone and their grandma is recommending buying gold. sounds a lot like houses and 5 yrs ago.

gold is great as an insurance policy against a lot of things, but calling it an investment is equivalent to gambling if you ask me.

Majority of people have no idea about it. That’s why they actually lost money. Also when Gold goes high, it also takes inflation up too. So technically 1$ is not 1$ after inclduing 10% inflation.