Is it true that the value of gold goes up during a recession?
Answers: Lol I wudn't know got no gold man damnnnnnnnnnnnn I shud buy some but how god killlll me i'm useless.
Yes, The reason is: The U. S. is too weak to enforce the dollar. So people get gold in case of the govt collapsing (My Grandfather keeps bricks of it i his safe) He told me "he could buy us food with it just in case)
God Bless You
Looks like the bastards that run Yahoo finally killed you, (Ω)Trash Troll.
Your death will be avenged.
Sometimes it does, sometimes it doesn't...
The biggest moves in the gold price ALWAYS occur when the foreign exchange value of the U.S. dollar is stable. Currently, the foreign exchange value of the U.S. dollar is hardly stable! So even we are headed into a recession (or are IN one), gold is hardly a smart place to put your money.
Gold is a hobby or a hedge, not an investment...
$10 worth of gold purchased in 1980 would sell for about $10 today (LOL!), whereas $10 worth of 1980 Microsoft stock would fetch around $600,000, even after several "recessions"!
I want to invest surrounded by gold ingots.?
i have $30,000 to invest contained by gold. I own never invested in gold ingots or anything else, how do i do it?Answers: I agree with everyone else so far - do not invest your $30,000 surrounded by gold. There are multiple issues beside investing in an asset such as gold ingots and here are a few.
First, you would be investing all your money surrounded by a single asset class, so you are very exposed to movements contained by the market as far as your returns are concerned. You will enjoy no diversity in your portfolio, which is really fruitless.
Second, gold usually increases within value when the cutback is doing badly, but desperate economic conditions do not ultimate and the government and big business other work toward improving the reduction, so technically, you will always own a force trying to drive your investment value down.
Thirdly, your $30,000 would bring you better long residence gains within you invest in assorted assets, such as stocks, bonds, CDs, savings accounts, mutual funds, ETFs, indexes etc.
The nonspecific idea of investing is that you buy into companies or other assets that you meditate will give you polite returns in the prevailing conditions to long term. As gold ingots is a doom and gloom commodity, it's appeal will go down as the US cutback starts to recover surrounded by a few years. It might be OK to invest a little of you $30,000 contained by gold, but there's no road I'd invest the whole point in a single asset. Spread your money around and you will spread your risk.
I hope this help.
PS If you really want to invest in gold ingots, try this site for more information and interesting articles on gold.
http://en.wikipedia.org/wiki/Gold_as_an_...
Do me a favor. Don't.
Where are you getting the theory that investing gold does a return on your investment?
You bring back a better rate of return if you invest in other stocks.
Unless you reading rotten a fax junk that voice that there is gold ingots stock for the lowest price which by the way is a scam.
Go to : low-cost-stock-recommendations
.com
Click on the "Precious Metals" Button on the Navigation Bar
It have a very accurate analysis
I would not invest in any precious metal
I would be vastly conservative with that $30,000
That's fine. But you should use precise entry and exit points when getting into it. It can propose a world of difference when you trade.
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I agree next to Shaun R;
you should know when to buy and sell.
and I also agree beside the guy giving a long explanation that you should diversify away your risk.
But if you really want to invest just surrounded by gold, buy yourself some put option to limit your downside.
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Is an FDIC protected CD and or bank account safe in a deep recession?
Answers: Yes, within limits.
FDIC insurance covers the first $100,000 of an inmdividual account ($200,000 in a joint account).
But (assuming that you're a lucky critter & have gobs of moola) there are several legal ways to get more of your $$ insured.
[1] Open the same type of account at multiple banks. Each one thus gets the protection.
[2] Open up different types of accounts at the same bank. {say $100K in your wife's name; $100K in your name, $200K in a joint account; $100K in a trust account for your child <or me, if you're silly enough to think that this advice is almnost priceless>; + several more.
The bottom line though (assuming you're a simple mortal, is that an FDIC <or credit union parallel insured) account is safe up to $100 grand.
It just a recession not a deep recession.
Look at the stock line graph of Dow Jone and you get the idea how the "recession" is going.
Up to $100,000 per account. The FDIC was created because of the Great Depression (millions of people lost all of their money in banks)
God Bless You
you bet ye they are.