 I'm 16 years old, is it possible for me to get involved in the stock market with $100? |
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zewezaw | What's your thoughts on buying gold now? |
how do you think the price will perform and do you think most people will be selling off at this time. Would intersting to find out.
Thank you |
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TBONE
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I think it would be foolish to buy now, because it is already so high, and the economy possibly is in recession.
If the economy continues to go down, the dollar devalues, then the US price for gold will continue to rise. buying now - good.
If the economy stablizies and and the dollar stays pat, US gold prices hold their position.
As the economy recovers, the dollar will maintain its position or get stronger. Other things staying equal, the price of gold should lower as the dollar strengthens.
Rumor is that we are in a recession, and may have hit a bottom in the market, but no one is that accurate to call it a bottom at the bottom. Good luck, with whatever you try. |
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eric h
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The chances of gold going higher are not as good as the chances of it going lower.
I'd pass. |
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rob_hallock
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I wish I was buying twenty years ago and selling now. It will climb more, but will go back down again in about 8 months. |
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curtisports2
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The big dealers in gold are advertising it like crazy right now. They always advertise their product, but it's especially intense at this time. I think gold still has a little upward potential, but the easy money has been made (the price has doubled in four years) and my opinion is that there is more downside risk in buying now than there is upside potential, and the heavy advertising confirms it. These companies want to lock in the profits they've made. They always make some profit, because they don't buy unless they get a discount from current spot market and they don't sell for less than 5% over spot.
As for whether most people will be selling off now...if the price continues to rise, the answer is no, there are still more buyers than sellers. |
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Common Sense
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How much investing experience do you have? If it's less than 10 years.... I'd suggest avoiding it.
The best way to invest in them is an ETF like GLD. This past few months I've done very well in them. I just got out as the market hit $1,000... reason.... there's a lot of amateurs getting into the market chasing returns right now. A usual, a sign of a major reversal. |
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itsjunglepat
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Tough to say about it's direction. All I know is that I shy away from things that aren't very liquid.. and as far as I know, gold in physical form (vs say a gold stock or etf (exchange traded fund)) isn't. |
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bob shark
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I am expecting a correction in Gold Prices, And Gold Stock Prices.
I just sold $725,000 in gold stocks, I will probably buy them back in Late August.
Gold is usually at a high point this time of year and it doesn't significantly go up til after the Summer Holidays...Sept. |
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Jim
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Time to sell Gold not Buy it. |
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Ethan17573240
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Gold has been skyrocketing for the past several years. If you buy gold you might be able to sell it for more than you paid for it a year from now. But the price will rise at a slower pace from here on in. |
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