Do you think gold is a great investment?

Question

Kaneki05 · Accepted Answer

Not really, gold is proven to be mid. It under performs stocks. Gold is a safe investment as in it stays valuable but doesn't really move the needle.
It's better than money since it beats inflation and still at least an investment but not a great investment. As to put it's good for wealth preservation but not gain.

The far better investment if you don't want stocks and something physical to hold, is Sealed Pokémon Tcg, even magic the gathering. It's out performed stocks, and is not a fad these Tcgs have been around for 30 years or so, and have data throughout that time of being great holds.
Everyday product gets ripped and open therefore having sealed tucked away it goes up due to that, as it only becomes more scarce. The important part is to have diamond hands, don't panic if things drop keep a hold and within a few years after that product is out of print you'll see great gains.

You do have to put more effort into learning what is in demand or not, and what you shouldn't get or should, but it's fairly simple and worth it for the increased results.
And typically the best sets and products are obvious as you'll see they're the most expensive, be hard to get and everyone will tell you those are the best sets.
But even bad sets, worse product can still double when they go out of print which is still a massive win, considering Stocks at best on average is 10% but more likely 5-7%.

NathanDavis · Accepted Answer

great? no...

great would mean that it is somewhat easy to capitalize or profit, and in the case of gold... it is not easy at all

it is considered safer than other high risk investments, that's all

there's been some gold investments in our family, in the past... I'm talking generations back, and also decades back lmfao... and this year, it was the first time ever that they actually capitalized on it and so now... the investment is land, and more importantly... water

and that's because of what it took for the gold prices to go as high as 5,5k... what's the point of gaining advantage and making a profit over the world going to hell...

our ancestors tried to get away from that, lol... and so will we... lmfao

Agape93 · Accepted Answer

No. In my circles gold is primarily used for barter if shit hits the fan. But who's going to honestly accept it? It's heavy, often small, easily faked, you can't grow with it, drink with it, eat it or anything practical

ElenaSeluna · Accepted Answer

Of course.. gold has real value people trust, unlike the dollar, which loses value over time.. but good is very expensive rn

OneViewpoint · Answer

It depends on how you're viewing gold. Ultimately you can't eat gold and gold will be useless in the total collapse of civilization in say a nuclear war or a pandemic like the black plague or a natural disaster like another asteroid impact. It has little intrinsic value other than its rarity.

Gold is the rarest element in the universe and only produced in the dying moments of collapsing stars in relatively small quantities. So the whole "gold standard" as a currency thing outlived it's usefulness over a century ago.

But... if you look at gold as the handiest commodity that reflects the human psychology of fear and panic in a crisis, then gold can be a great way to make money off human weakness in human caused market volatility by playing the ups and downs of the gold market.

888theGreat · Answer

I am an investor. The best Gold to buy is used Gold Jewelry. It can't be confiscated like Gold Bullion can and probably will be. Also Constitituional or pre 33 Gold coins are good. I prefer Silver over all. More potential with Silver. I get Gold Jewelry below spot and flip it for profit. Gold is still high , Silver is higher but half of all time high price. But if you would have bought Gold 10 years ago , you could retire early today. Gold will always keep your purchasing power. I view Gold as the best metal for a depression , it will go down but less than any other asset. Silver is great for high inflation. Silver is the better barter metal. I would say buy Silver and just know what you ave in gold Jewelry. Gold Jewelry and Constitutional silver like dimes is all you need.

Zack-Bann · Answer

Most people got it right
It’s a hedge against inflation so it’s a good investment but not a great one

If you can get your savings to do a 10 to 14% yearly interest increase you’re doing very good

The only way to swing that would be a diverse stocks and ETF portfolio with medium risks and a good yield

But like most things, you gotta put in money to make money so it’s really a matter of much you’re willing to invest for the investment to be “great”

AviatorTom · Answer

Not now. The price of gold is too high.

If you had bought gold years ago, that would be a good investment.

Remember the rule... Buy low, sell high.

The best investments are diversified, which typically include stocks, bonds, cash and precious metals.

exitseven · Answer

I am suspicious about it. I think that it is easy to buy gold for $4400 an ounce. But even if you bought %99.9 gold which I think is a big if because how do you know what you are really getting? I do not know who would pay $4400 an ounce for it. If you took it to a gold broker I do not know what you could get for it.
I suppose if I bought it at $32 an ounce back in the 70s it would be a good investment.

jshm2 · Answer

Gold, gems and art are not "investments" per say. They are more "wealth holders". In that they will always be worth something. Whereas currency can lose value and be worth nothing.

FreyaRed · Answer

Currently no. Maybe in two or three months but now countries have money troubles and sell gold what lowered it's price. I think we had gold peak one month back.

Telekinetic-Potato · Answer

Ya, especially if you're young and saving for retirement. I wouldn't be surprised if it became even more valuable as more countries mass produce stuff.

ChicoFromThe305 · Answer

Indeed, gold is very good at maintaining its value because (maintenance and labor not included) there's only so much of it in the world that the price will more than likely just keep increasing if it doesn't just maintain value

molonski2 · Answer

No , it's a horrible unproductive investment, investments should produce dividends , outcomes. But , it's a holding currency that is good at times of war and uncertainty.

Unycorn · Answer

Some years ago. Now the prize is high and we don't know how much it will rise. It probably will still rise... but one day probably fall again.

nolabels · Answer

I'd like to know for myself. I've lately been thinking of procuring gold. Cheers!

Miristheiss · Answer

No. Gold as one part of your portfolio guards against inflation. It doesn't go up in value like a stock.

midnightmoon05 · Answer

No.  invest in properties. A place to live and it builds equity

jamesgoldman · Answer

It's an inflation hedge rather than a true investment It beats saving in the bank for something big

Dargil · Answer

It has been recently, but over time it is more a secure investment then a profitable one.

whosnumber_1 · Answer

Yes, but a better investment is something that pays a high dividend

Surely · Answer

No! Brass, lead and food. Plus personal skills. Would be better barter items!

TonyMetal___86 · Answer

In general yes, but you have to know that it's more like a gambling game...

qwerty2469 · Answer

It's about to dump. 7trilion into Bitcoin. It's obsolete. The boomers will die very soon and it will be worth less than aluminum

msc545 · Answer

No, it's not a good investment, not at this time.

Anonymous · Answer

@jamesgoldman I'm amazed you're not answering here for @thegreenyogi

DryGermanGuy · Answer

After all these rises? Not anymore. 🤷‍♂️

XXblack88 · Answer

Yes but I think sliver is better

Shiprex · Answer

These days it probably isn't bad.

Alex-Snow · Answer

The price of gold does seem like it is going up

Xawyx-2 · Answer

Yes, I believe so.

Staximus · Answer

It sure was a few years ago

jahaims · Answer

Not if you have to ask

Mike_Hum · Answer

Yes, it is. Unlike fiat currency it has value.

Still-alive · Answer

Ehh i wouldn't bother personally lol.

beefcakebradybatson · Answer

For the nonce.

Jeff51 · Answer

Yes. Price goes up.

Bloodparadise · Answer

Never understood

AgentG111 · Answer

Yes!

Iron_Man · Answer

Yes it is

Cidknee · Answer

Yes.

Do you think gold is a great investment?

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Do you consider buying gold an investment?