Jump to content
Attention: In order to reply to messages, create topics, have access to other features of the community you must sign up for an account.
Sign in to follow this  
NYCguy

Is Gold A Bubble?

Recommended Posts

Gold is absolutely a bubble. But it's not going to pop for a while. It's one of the few sure bets/safe havens in an economy where stocks are failing, bonds run risk of default, oil prices are highly volatile from season to season, indexes are flat, and interest rates on savings are near nothing.

 

Which is why I have, and continue to, advocate buying it in the short and medium term.

Share this post


Link to post
Share on other sites
What about silver? I've been hearing it is the 'new gold'.

 

Silver is a volatile version of gold that people who don't have the money to get into gold get into. It's more volatile because people are more apt to sell even when the underlying value of the precious metal is going up (in real worth, not investment worth), causing fluctuations in the price due to profit taking. Gold tends to be a buy and hold investment when other investments are doing poorly. Silver is a quicky buy and quick sell to make a quick profit, which is why the price never really goes up very fast. It's harder to time trades of silver as a result, and therefore harder to make as much money.

Share this post


Link to post
Share on other sites

Everything is a new bubble unless you start investing in O2 and H2O because at some point the demand for what ever it is will no longer be there.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.