View Single Post
Old 02-22-2013, 14:07   #105
mhill
Senior Member
 
mhill's Avatar
 
Join Date: Dec 2001
Location: St. Louis, MO
Posts: 2,310
Gold has retained value for the last 10,000 years or so. That's a pretty good indication of a good investment. Will it rise dramatically? It will if our dollar goes soft and inflation gets high. Personally I'd put my money in Silver or Oil right now. Gold seems a bit inflated at the moment.

I have a theory that Gold is growing with the rising power of India. Indian's buy gold and never sell it. They pass it down through the family as jewelery and dawry's. Indian's are gaining more middle class jobs and buying more gold creating demand that did not exist 10 short years ago. I think India has stopped growing at the rapid pace and that has helped Gold plateu in price.

Great investment. No. Good store of value. Yes.
__________________
mhill
"You might find the taco of your dreams while gassing up. " - BikerGoddess
mhill is offline   Reply With Quote