What are the differences between "Stock Market" and "Forex"? Thanks.?
Answers: Stock markets are where you buy and sell shares of companies.
The forex is an international exchange where you buy and sell currencies of different countries.
Stock Market= place where you buy/sell stocks.
Forex=place where you buy/sell currency
Does anyone think that i should invest in gold since the american dollar isn't holding its value?
Answers: Precious metals like gold have always been useful as a hedge against inflation, and pretty much nothing more. All you can be reasonably sure of when you buy gold is that it won't lose any value. But it's not likely to gain any value either. In fact, when currencies rapidly lose value like they have recently, gold may be overpriced for a period of time.
An investment in something like a mutual fund, even a very stable and low-risk one, is likely to pay off better in the long run -- even factoring in a recession. Even an FDIC insured savings account is a better bet than gold.
In my opinion, the only good reasons for holding large amounts of gold are:
1) You need an investment that's as close to totally stable as it gets; or
2) You believe the world economy is going to collapse.
Good idea. Invest in it as long as the US economy sucks balls, such as a time like now.
PS: USD high=gold low and vice versa.
Not right now. Gold is near an historical high. Wait until it retraces down a substantial amount.
although gold is *priced* in US Dollars, it doesn't mean that you should think of gold *only* in terms of the value of the US Dollar. all paper currencies will inflate over a long period of time, some slower, some faster. but they all trend in the long term to their intrinsic value, which is ZERO. right now, gold is gaining against almost ALL currencies.
it is said that an ounce of gold could buy 300 loaves of bread in ancient times, and can still buy 300 loaves today. so, at $900/ounce, that's $3 a loaf. looking at it this way, you'll have to decide for yourself how much you think a loaf of bread will cost you in 5, 10, 20 years, and whether you will have the amount of money then to be able to buy all the loaves and other things you need. the point here is not that gold is some magic investment for today, but that it holds a consistent value relative to everything else over a very long period of time.
my own investment strategy is to keep at least 10% of my net worth in gold, and to convert 10% of my income into gold on a regular basis, regardless of price. that way i'm in when it goes up, and i can buy just a little bit more when it goes down. this 10% i consider to be my "golden anchor", or "wealth insurance", if ever any of my other paper investments turn to dust. on top of that 10% i'm also into silver, which has a different dynamic than gold, that is also on its way up.
I do not know if gold shall continue to rise, but I will tell you that gold and silver are historically terrible long-term investments.
Gold reached a high of $850 in 1980 and silver got as high as $55. If they had kept up with inflation, gold would be priced at over $2000 and silver over $100.
I would not buy precious metals personally.
A few years ago you could have bought gold or gold stocks when it was trading at $350 per ounce. I find it incredible that now that it's trading over $900 an ounce people are falling all over themselves to buy it. That all being said a little gold in ones portfolio is a good thing. Gold stocks are more liquid and have smaller transactional costs than the actual bullion. But in the long run it's better to buy gold when it's out of favor and at lower prices than to buy it at times like these. I'd start off with a small investment and buy more if prices drop.
Anyone invest surrounded by ftse isa tracking near the halifax?
My plan has lost lb500 contained by the last couple of months. Is this trend liable to verbs or reverse. I presume it is down to the northern rock stuff but im not really sure.Answers: Suspect ya not the only 1 who's be losing dosh dude, 'valuations' in most plans presumably enjoy 'depreciated' somewhat lately!..
Sounds expensive. Don't forget you can ISA a FTSE ETF
I am sure it would be a lot cheaper. See http://www.shareworld.co.uk/articles/etf...