Saturday, March 21, 2020

Invest $2,500 into gold or silver?

Neely Youngblut: Gold, unlikely. My bet for gold in five years would be $800/oz.Silver, absolutely not.For either, the ETF way is the cheapest and most efficient way to invest.(Disclosure: I own rather a lot more than $2500 of GLD in my speculative portfolio)...Show more

Phil Kuarez: If you invested in silver 900 years ago, you are down money. If you invested in gold 900 years ago, you are up money, but not very much. Anybody who thinks that gold or silver is a long-term investment doesn't know anything about investing. For a 5 - 10 yr horizon, you should be putting together a portfolio of real financial assets....Show more

Jestine Osumi: Now that you want to buy gold or silver and plan to hold on to it for 5 -10 years. Let's see how that works. Your money is tied up in there, gold is hedged against inflation but pays no dividend. 5 year from now, you selling your gold or silver, likely you'd get your $2,500 back and celebrate you gain over a coffee at th! e Starbuck.

Minh Lefrancois: it's a gamble either way - you could wind up losing money

Gwenda Micheals: Are you tracking Gold..Have you look at the Charts lately,..or are strictly going on strangers opinions..The Absolute worst way to Invest is from friends, or worst than worst acquaintances.The sickest part of all this,..is most are first-time investors..First and Last Time, Ruined..

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