Gold

[Justme]

Is gold going to keep going up? Is it still a good time to buy or is it better to wait for it to come down in price?

[Anderson Roache III]

Hello Justme... in regards to your question about gold. I think that it is always a good time to buy gold. But first what type of purchase; stock? commodites? or physical meaning bullion? we are talking about seeing gold go to $800/ ounce. I believe that we will see that happen, gold has been hovering around the high $510 to $555 per ounce range and doesn't show much signs of backing of these highs.
Whats your take on it?

[Justme]

I was thinking about American Eagle coins....what do you sugest?

[Anderson Roache III]

I was thinking about American Eagle coins....what do you sugest?
High Crude Oil prices, Political Instability, a weak dollar, Bearish Stock Market sounds like a good bet to me; What is your long term goal or strategy and what type of returns are you looking for? This will determine the method you employ....

[Justme]

I was just thinking about buying a few coins every now and then, just hold on to them for a while...see where the price goes...
I know someone who bought quite a few when there prive was $250-300.
Good return there....

[jpletting]

Justme,

As more and more financial transactions take place online, you're going to see more and more people gravitating toward using gold as a currency. Unfortunately there are only a small handful of companies right now who purchase gold or otherwise convert gold to liquid cash (EMO Corp., unfortunately currently being investigated) or some other usable form (such as Paypal) for a small commission, usually 1-2 percent of the transaction amount. I've used e-gold for quite a while and I've never had a problem with them.

Gold rates lately have been steadily climbing and I don't expect to see a major drop in value anytime soon. If you're only interested in purchasing tangible gold pieces or gold coins, by all means, if you have the capital to do so, do it! However, I might also suggest purchasing gold online, as it will allow you to invest in areas online that aren't currently available to you. There are many, many companies online that now accept e-gold, including a swarth of investment companies (both legitimate and not-so-much-so) that would enable you to start making money now rather than waiting for those coins to rise in value. And what will you do with them? Keep them in a safe deposit box until you decide to sell?

I'm agreed with Mr. Roache--gold is a good investment, and if you can make it happen, more power to you.

To your success,
Jill Pletting
Desco Investments