Gold Could Be The Right Investment In 2009
With the atrocious economy and stocks doing so poorly, one would think that the price of gold would have gone up during this time span. Usually, people buy gold as a hedge against hard times. It is seen as a sort of insurance policly as gold is the one asset that can be counted on to never go to zero. The price of gold has not gone up though which is perplexing.
One of the reasons why gold has not risen is because many hedge fund managers are having to cash in their gold positions to pay off all the other failing investments they have made. People have been trying to get out of stocks for over a year now and these fund managers need to get money from somewhere. This has made it necessary for them to cash in some or all of their good investments such as gold. Is this a trend that will continue or will gold start to rise again this year?
The current cost of gold has held up in this recession so far and this begs the question where it will go from here? The massive amount of new dollars the treasury is going to be pumping into the system is so scary that maybe it is time to get back on board with gold. Everything and everyone seems to be in line for a bailout including the auto industry and the banking industry and this makes one wonder how much the dollar is going to be worth?
Gold might be a smart place to put some of your money with all the bad things happening around the world. Stocks are going up and down wildly every day and interest rates are practically at zero. This doesn't leave one with many choices of where to safely invest money. It seems the smart place to be is in any conservative investment and gold might be the ticket. Over thousands of years gold has always maintained its value and so gold is a conservative investment you can count on. Of course gold is not for everyone and you should probably onlly put some of your money in it.
At least you can be sure that the price of gold will not go to zero and you can look through history to see that. Gold can always be counted on for value and in this difficult economic time, it is no different. The future is more uncertain than ever before in our lifetimes and we don't know whether we have seen the worst of it or whether more is to come. Gold could be the right investment choice for the remainder of 2009. - 23223
One of the reasons why gold has not risen is because many hedge fund managers are having to cash in their gold positions to pay off all the other failing investments they have made. People have been trying to get out of stocks for over a year now and these fund managers need to get money from somewhere. This has made it necessary for them to cash in some or all of their good investments such as gold. Is this a trend that will continue or will gold start to rise again this year?
The current cost of gold has held up in this recession so far and this begs the question where it will go from here? The massive amount of new dollars the treasury is going to be pumping into the system is so scary that maybe it is time to get back on board with gold. Everything and everyone seems to be in line for a bailout including the auto industry and the banking industry and this makes one wonder how much the dollar is going to be worth?
Gold might be a smart place to put some of your money with all the bad things happening around the world. Stocks are going up and down wildly every day and interest rates are practically at zero. This doesn't leave one with many choices of where to safely invest money. It seems the smart place to be is in any conservative investment and gold might be the ticket. Over thousands of years gold has always maintained its value and so gold is a conservative investment you can count on. Of course gold is not for everyone and you should probably onlly put some of your money in it.
At least you can be sure that the price of gold will not go to zero and you can look through history to see that. Gold can always be counted on for value and in this difficult economic time, it is no different. The future is more uncertain than ever before in our lifetimes and we don't know whether we have seen the worst of it or whether more is to come. Gold could be the right investment choice for the remainder of 2009. - 23223
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posted by X - Men @ 3:55 AM
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