To invest or not?
How do you feel about investing some of your life savings in gold and other precious metals?
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GJOFJ3 · 61-69, M
It a good idea if you can keep the investment for four or more years
LamontCranston · M
@GJOFJ3 [@Mbing01] Note that the price is in nominal dollars, so its much less impressive in inflation-adjusted dollars.
To OP: Why are you more afraid of what the stock market might do than what one commodity (gold) might do?
To OP: Why are you more afraid of what the stock market might do than what one commodity (gold) might do?
Mbingh01 · 61-69, F
@LamontCranston I’m afraid of a crash and losing a big chunk of money. But with gold, when the dollar goes down, gold usually goes up.
LamontCranston · M
@Mbingh01 Look at the chart. what if you had bought gold in 2011---a lost decade.
You are better off diversifying .
You are better off diversifying .