Investing in Gold?

gavinmccallister · #1 (**permalink**) 11-17-2005, 06:02 PM

I am curious to know how other people think, I am interested any suggestions would be helpful.

sweeps · #2 (**permalink**) 11-17-2005, 06:28 PM

I would not invest in gold directly. The cost to protect it, insure it and trade it isn't worth it to me. Plus gold has had a good run recently -- it's growth potential is pretty limited, IMO.

As far as owning gold stocks/funds, having a little bit of money in them can't hurt. But then again I believe in investing in a wide variety of stocks and bonds.

jmjj215 · #3 (**permalink**) 11-18-2005, 07:56 AM

Historically, gold as proven to be a lousy long-term investment, compared to other things.

JBinKC · #4 (**permalink**) 12-01-2005, 06:10 PM

If you have interest in owning gold consider buying the ETF NYSE: GLD which trades at 1/10th of the price of the quoted commodity. My personal opinion is I think we are in a secular long term commodity bull market but per se of owning gold it is not my favorite metal. I like the metal titanium much better.

It also is a coincidence that gold started to make the move higher just when the US decided it will no longer publish M3 money supply data.