Well, its been another year and I believe Gold is STILL in decline. Expect it to go down even further!
Barry Waste stated,
"Until you grasp the concept of cost vs. value in commodities you're doing a disservice to the audience continuing to give financial advice.
Sadly, it's been six month (18months now)and you still haven't taken the time to educate yourself."
Well my friend Warren, backs me up with my thoughts on Gold.
This article should put to rest whether you should invest in gold.
I make no attempt to "teach" economics(even though I appear to know more than Barry), these are just my thoughts on Gold.
So, If you had $50,000 to invest, do you put it in stocks(on the next downturn)? I would not invest a dime at this point, or do you pay off the trailer you just bought in Florida?(Interest rate on trailer loan is 3.25)
Right now I am leaning to hold on to the cash, and when the market crashes again, jump in on a good fundamental company, and then what company do you go with when the Market crashes? Please nobody say gold.