Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

Do you purchase gold as an investment?

During this downturn in the economy, and with an uncertain economic future, do you purchase gold as a hedge against inflation?

Answer Question
 
ChezBelle

Asked by ChezBelle at 6:00 AM on Feb. 7, 2011 in Money & Work

Level 19 (6,604 Credits)
Answers (4)
  • No.
    rkoloms

    Answer by rkoloms at 6:11 AM on Feb. 7, 2011

  • No
    elizabr

    Answer by elizabr at 7:52 AM on Feb. 7, 2011

  • No, right now gold is at an all time high BECAUSE of the economy. So if you buy now you are paying a premium price for it. When the economy gets better the price of gold will go down and everyone who bought now, while the economy was poor, loses money. IF (big IF) you wanted to buy gold as an investment, the best time to do it would be when the economy is good and the price of gold is low, then when the economy is bad and the price goes up....you sell. But people don't think about gold when the economy is good and they don't think about when the next time the economy is going to make a down turn. When it does, everyone panics, runs out and invests in gold and pushes the price sky high again.
    slw123

    Answer by slw123 at 9:13 AM on Feb. 7, 2011

  • Yeah. I love buying things at an all time 50 year high.
    *Note the sarcasm.
    Erica_Smerica

    Answer by Erica_Smerica at 4:11 PM on Feb. 7, 2011

Join CafeMom now to contribute your answer and become part of our community. It's free and takes just a minute.
close Join now to connect to
other members!
Connect with Facebook or Sign Up Using Email

Already Joined? LOG IN