Gold Price History Graph
Is it a bad idea to buy gold / silver coins right now?
On the graph of the history of gold / silver prices. Is it a bad investment to buy gold / silver right now? I mean, if the price rises from here (~ 785USD/ounce), there would be an indication of the Bad economy is failing / collapse and should therefore be to give some backup / emergencies? And if I buy now and the price drops, of course should, then I'm out a lot of money right?
Compare 3 options: 1) Buy one ounce of gold today at $ 779.20 2) Put $ 779.20 into an account bank earning 3% per year 3) Go buy $ 779.20 worth of Lehman Bros. stock. wait a year. What is it? 1) an ounce of gold, worth between $ 400 to $ 1600, depending on inflation. If inflation is 12%, Gold will take place in the neighborhood of $ 860. Bet it will be higher. 2) About $ 800 dollars that have depreciated by 12% over last year 3) A piece of worthless paper. Grandfather
Home Prices, Historical Data Chart – Glenn Beck explains the housing bubble, why prices must fall
I cant believe how Gold got Bullish in the Market , It is not a Industrial Product or Another . It is only a Investment Product . Can Guess when any one Success to make artificial GOld . What is Gold Invester’s Condition . More Over Gold investment is not a Secure one because of it , and this type of investment can’t produce any type of benefits to Society , any body who invest their investment in Industry that can produce so many job Opportunities to the community . I think that is better . Think & Do better …