 What is a good stock for long term growth? |
please explain why you like it.
Additional Details
dredude52, there are always good stocks available no matter if the market is down.... |
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 Looking to invest lump sum in stock market, but it now the worst time? |
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<... |
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 Should I contribute pre- or after-tax dollars to my 401K Plan? |
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lathmanmohan | Why price of gold is not coming down? |
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Net Advisor
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Actually, gold has NO industrial demand. Can anyone name any tool made of gold and sold in mass? Can anyone name any machine made of gold or where gold is required to produce anything.
Gold is not an industrial metal. Only industrial metals have global demand. Industrial metals are for example: steel, aluminum & copper.
Gold prices have come down about $150.00 per oz from their highs.
This gold chart looks like NASDAQ in late 1999.
http://www.monex.com/prods/gold_chart.html
The USD has been gaining some strength which has contributed to the drop some commodity prices (except oil). New margin rules had forced some speculators to sell gold.
The reason why speculators buy gold is a hedge against inflation. According to Chase Global Digest, long term, gold is the 2nd worst investment class following diamonds. |
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raysor
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$8 down today seems like down to me. I would think this is about the right level, possibly could slip down, du to the banks selling (mind you, what do they know?) |
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amal
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The price has indeed gone down when compared in Jan 08.
Gold is a rare commodity, very stable and balanced security, not easily conducive to fluctuations with other market conditions. Yes your question is correct - as gold is a commodity that gradually increases year after year and comparatively year to year comparison will be always positive. |
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suren h
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all prize are depand on voluim ? |
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Charles J
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here you can make your own research
goldnews.bullionvault.com/ |
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rosemary H
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The price of gold isn't coming down because it has real value. The Us dollar is very weak so therefore the price of gold appears higher than it actually is. ( It takes more dollars to buy the same amount as before) |
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d10
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because other invest tool is decreasing right now, so there are still many demand for gold. |
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Sweet Sheri
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Good and generous question. appreciated.
Gold has enormous demand globally and the production compare with its demand and supply, is very low. This is the major reason. Giant economies like china, people start habit of buying gold ornaments in a great manner. Previously India was number one in the sense of using gold. Now that position went to China.
Not only this, gold is a best hedge against inflation. This is also an another reason why the price if going up. It is a good investment for getting long term and handsome profit. |
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