Reply To: investing in gold

“Bomb: 5 years is a joke. In the next 5 the trend could easiliy reverse.”

i didnt say that thats all i looked at. ive been following it personally over 5 years…i wasnt old enough to follow it past that but i have looked at the data and i think its worth it.

and i know that theres a distinct difference between commodities and businesses which is why commodities interest me so much. its not a “get rich quick” market and it requires long term investments. or long-ish term investments with only medium returns. investing in a company like google is nice, but especially in teh technology market anything can happen. someone can make a new produt and the company stock tanks in one day. thats far less likely in commodities especially precious metals.

also gold is an interesting commodity becuase it is so versatile and has so many uses. as the tech industry grows the demand for gold increases because printed circuits use gold as conductors because of its minimal resistance and lack of oxidation over time. and thats just one use aside from jewelry and being an overall safe commodity. its also pretty recession proof because it retains its value even if demand goes down (obviously prices will fall a bit bu they wont tank) also gold is in universal demand equally and not controlled by any one entity which is nice (as opposed to corporations or oil for example)

anyway…yeah,. it may be expensive but from what i can tell its a very safe investment.

back to my question…what do i do