smaddur
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Double. |
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Danny
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The value of gold doesn't change.The value of the currency with which you are purchasing the gold is what fluctuates.
Buy gold when the dollar is strong (when gold is "cheap") and sell it when the dollar is weak (when gold is "high").
If anybody could predict what the value of the dollar against gold will be in 10 years we'd all be rich! No way to know! World events dictate these things,and who can tell the future? |
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Scott c
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It will have the same value. but your dollar will be worth less. So it will look like it is worth more , but in actuality you have gained nothing. look at the price of gold for the last ten years. it floats up and down . but stays around $340 per once. but the value of a dollar has went down .. so it is more like but gold in the summer and sell it in November every year . this will be the only way that you can see profits in the gold market... |
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fenderplayer96
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Who knows? Someone could find a new, huge goldmine tomorrow, and the price will dip for quite a while... good ol' fashioned supply and demand. |
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onlylove41
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gold is not a really good commodity to invest in. most commodities aren't very good.
invest in real estate, i.e. land, land always goes up
go to a local credit union and talk to a broker.
a really good money man in dave ramsey. check him out at daveramsey.com. he has people that are as guaranteed as you can get in the financial business that can give you all kinds of good advice |
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Jon H
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No way to telling. Value of gold has alot to do with inflation. If inflation is low and fear of inflation stays low the value will not increase much at all. But if inflation is high and fear are high, gold will go up quickly. Gold is the balance for monetary policy and economic stability.
But in investments as in life, there is no sure thing. |
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dutch_luvs69
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SWAMMI SAYS - RATS THE POWER WENT OUT ON MY CRYSTAL BALL. |
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r1ckpicon
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let me check my crystal ball.......hmm looks like gold will be ... |
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Mr. Curious
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Uhhhh...no one knows, that's kind of why it is called SPECULATING!!!! |
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perdidobums
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There is no way to know the answer to this question. Gold will very likely maintain its purchasing power over the next 10 years. The dollar, and all other currencies today, will likely fall in purchasing power greatly over the next 10 years. Gold should be considered an insurance policy and a permanent part of every serious investors portfolio. Governments will continue to inflate (print more currency) as long as they can get away with it (which may be a long time). It certainly would not surpise a lot of people if the price of gold expressed in USD is well over 1000 in the next year or two. That's not a prediction, just a statement of opinion. |
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Pancakes
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Less. |
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wooleybooley
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Gold is a commodity. It's like any other commodity investment-no one can accurately predict where the price will be next week, month, year, or ten years. It is at it's highest that it has been for about ten years now. Take a chance on platinum or platinum futures. No way of knowing. |
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jayster32
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Think about this.........With inflation, the dollar buys less over time. But if you look at the track record for gold, it's only gone up in price....In the 1950's you could buy 10 loaves of bread for a dollar. now you are lucky if you can buy 1 loaf for that same dollar. But let's look at gold.....In the 50's you could buy 500 loaves for 1 ounce of gold.....Today gold is $628.00 an ounce.....you do the math......Is gold a good investment? Marginal at best. |
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sufferingnomad
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only occationally does gold spike in value. normally it just holds its own value. sayif you could buy bread for 10 cents or a gold flake in 1901 but in 2006 bread is $3 that gold flake will still hold value to get your bread |
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Franco
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You do not buy and sell anything according to time period but rather according to its price.
If you buy now and the price goes up quickly after that, sell and take the profit. No need to wait. |
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S.A.M. Gunner 7212
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The value of any precious metal is determined by its availability. |
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SuzeY
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No one can possibly answer that question. Gold is a commodity, so the price is based on supply and demand. There would be no way of knowing what the potential demand for gold would be in 10 years. |
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Heinz M
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No one knows.
In 1980 gold hit $800.
Recently I saw it as high as $670. and later it was down from there. |
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Phillip R
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There is no absolute way to tell that. It all depends on the economic situation during that time. Gold is high priced when the economy is doing fairly well. The price drops when the economy drops. Therefore there is a correlation between gold and economy. Dont buy 10 pounds of gold.. just buy your jewelry when its the time. |
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