The gold debate

Hi Everyone,

I just saw this video on one of the investment sites I read and thought you might enjoy it. 

Whether or not gold is for you, whether or not you think it is over-valued now (seeing as how an ounce of gold was selling for $252 dollars around 10 years ago and is now MUCH higher) I thought you might find this video interesting.  It’s not too long and I figure, the people who have asked for my advice with regards to investing over the years have recently been wanting to know about gold, so perhaps some of you do as well. 

For those of you that are interested, have been hearing a lot of gold talk on TV and whatnot, but don’t know what all the fuss is about, here is a pretty informative video that will bring you up to date with the gold picture now. 

Whether you decide you want to own a few of those gleaming gold coins is a personal choice.  It is a very volatile market and can drop a heart-stopping amount for no apparent reason.  It earns no interest, pays no dividend, however many people are buying it as a safeguard against the looming threat of inflation.  Whether we are going into a period of massive inflation is anyone’s guess.  As with all investments, learn as much as you can about it and then only do what makes sense to you and doesn’t cause you to lose sleep. 

There are some investors that believe gold can rise to the $5-6,000 range.  There are other investors that believe gold is peaking and is a bubble about to burst. 

Another word to the wise, if you do decide to buy a little gold, it is probably better to purchase the coins as opposed to the bars as some very good counterfeit gold bars have started appearing on the market.

Happy viewing!

Posted by Meg Tilly on Thursday, January 13, 2011 in Chewing the Fat