What are the benefits of investing in gold?
Question by Alexis F: What are the benefits of investing in gold?
Anyone investing in gold that can tell me the pros and cons?
Best answer:
Answer by Domino
gold is a standard so that is a pro but it is an investment like anything else, it can go up and down, gold will never go out of business and when the dollar gets weaker the gold goes up. but just because the dollar is down doesn’t mean the price of gold is not over inflated.
like any investment you need to be comfortable with what you are buying.
getting the hot stock is not necessarily the best thing to invest in, looking at undervalued stocks can make you a healthy profit, especially if you are investing over the long term which is the smartest way to do it
What do you think? Answer below!
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pros:
universal traditional store of value
will still exist if/when paper dollars and other currencies collapse
cons:
does not produce income
can suddenly lose favor and stay depressed for a long time
(i invest in gold and am “pro-gold”. i also invest in silver, and silver should be considered next to gold, but does, however, have different dynamics.)
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