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Money Matters
Financial, Stock, Investment etc. posts here.

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Old 04-15-2013, 03:46 PM   #1
z00
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15K to invest in gold

I have 15K, I plan to buy gold. Never invested in gold before. Can I buy it from a broker? Can it be kept in a fund/stock so I don't have to keep the gold in my possession?

Is it true gold is supposed to reach $1200 this year?
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Old 04-15-2013, 03:51 PM   #2
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Why are you buying gold? Given the questions you're asking, it seems like you want to put a little more thought into this.
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Old 04-15-2013, 04:41 PM   #3
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You can invest in gold through ETFs such as GLD. I HIGHLY recommend ensuring it is not a significant percentage of an investment portfolio though...
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Old 04-15-2013, 05:01 PM   #4
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This is the kind of response I'm looking for. The 15k is just sitting in my bank account and don't plan to do anything with it for at least a year. I figured Cannot go wrong with gold as it's going down in price.

I'm gonna wait to see when will be a good time to buy. Any thoughts?

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You can invest in gold through ETFs such as GLD. I HIGHLY recommend ensuring it is not a significant percentage of an investment portfolio though...
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Old 04-15-2013, 05:08 PM   #5
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You are much better in a precious metal fund. Spread some risk - http://www.zacks.com/stock/news/33305/

That said, I wouldn't recommend putting your money in precious metals now, nor does any professional investor. I'm not going to give you any recommendations on what to invest in, other than to say that $10k is a good starting point for a portfolio. Get a professional wealth manager to work with you. They generally charge about .4% per year on your portfolio balance, so on $10k, that's $40/year. Well worth $40 to get some professional investment advice.
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Old 04-15-2013, 07:58 PM   #6
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This is the kind of response I'm looking for. The 15k is just sitting in my bank account and don't plan to do anything with it for at least a year. I figured Cannot go wrong with gold as it's going down in price.

I'm gonna wait to see when will be a good time to buy. Any thoughts?
You can't see anything wrong investing in something that's going down in price?
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Old 04-15-2013, 08:40 PM   #7
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You can't see anything wrong investing in something that's going down in price?
Glad I wasn't the only one who noticed that.
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Old 04-15-2013, 10:15 PM   #8
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lol, I'm just testing the water, once the price hit a rock bottom, I'll buy.

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You can't see anything wrong investing in something that's going down in price?
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Old 04-15-2013, 11:33 PM   #9
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That's the thing about investments, you never know when the price hits rock bottom. Just because something is cheap at 1300 doesn't mean it won't go to 800, or 400, or 200, or 1. You never know.
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Old 04-15-2013, 11:41 PM   #10
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Old 04-16-2013, 02:45 AM   #11
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That's a wise decision to not invest in Gold at this moment because its not going $1200 ever and a bit down these days.
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Old 04-16-2013, 09:17 AM   #12
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That's a wise decision to not invest in Gold at this moment because its not going $1200 ever and a bit down these days.
Ima buy 15k on margin...

Couple months down the road...

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Old 04-16-2013, 09:20 AM   #13
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Freeee Money!
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Old 04-16-2013, 09:23 AM   #14
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Hahaha margins rape.

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Old 04-16-2013, 08:57 PM   #15
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Old 04-17-2013, 08:34 PM   #16
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Looks like gold is not a good idea for now.
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Old 04-18-2013, 02:55 PM   #17
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Looks like gold is not a good idea for now.
Hopefully that is the decision you made on your own, and not from what others are saying.
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Old 04-21-2013, 09:20 AM   #18
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Id personally invest all that on Apple rather than gold

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Old 04-21-2013, 09:30 AM   #19
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Gold has a great 10 year track record and a dismal 50 year track record. Look into growth stock mutual funds instead.

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Old 04-21-2013, 09:40 AM   #20
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15K to invest in gold

Bitcoins. Buy now


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