Gold is more like wealth protection, not investment, unless you trade
If you could buy it at the right price, it'll keep its value. However, if you bought it at wrong time, well, it could certainly loose value.
Gold was selling for $700-800 back in 1978, if you factor in inflation, that'll translate to around $2000, give or take $500. So, in a sense today's price of $1100 isn't that bad. However, it's still very high (3x) compared with even in 2002.
So, whether you want to buy gold today depends on your view of the world affairs. If you think there is a much more trouble ahead, then buy gold. If you think the worst has passed, then wait.
sunskitehomes
If you could buy it at the right price, it'll keep its value. However, if you bought it at wrong time, well, it could certainly loose value.
Gold was selling for $700-800 back in 1978, if you factor in inflation, that'll translate to around $2000, give or take $500. So, in a sense today's price of $1100 isn't that bad. However, it's still very high (3x) compared with even in 2002.
So, whether you want to buy gold today depends on your view of the world affairs. If you think there is a much more trouble ahead, then buy gold. If you think the worst has passed, then wait.
sunskitehomes
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