Comments on: Investing In Gold – Part One

By: Elly

Elly — Sat, 31 Jul 2010 10:40:37 +0000

I have not wanted to invest in gold. I like to invest in things that are tangible and go up in value and you can make more money from them in the form of passive income, like businesses or real estate that are rented investments for instance.

However, I look forward to reading what you have to say about gold.

By: Peter Damien Ryan

Peter Damien Ryan — Sat, 31 Jul 2010 03:07:07 +0000

I like the idea of investing in gold – and have even tried it once – but the 2008 economic downturn wiped out all my profits!

By: Jazz Salinger

Jazz Salinger — Fri, 30 Jul 2010 05:31:47 +0000

Hi Sean,

I’ve never thought of investing in gold. But, I think the thing about gold is that it would always keep its inherent value. If something happened to civilization and money became worthless; gold would still be valuable.

I think we have an emotional attachment to gold. But, I’m interested to learn why some investors won’t touch it.

By: Miquel

Miquel — Mon, 23 Nov 2009 02:26:52 +0000

Interesting blog! there’s still more areas mining for gold. It has not lost its value though Economy is the main problem.

By: Rob

Rob — Tue, 10 Nov 2009 05:33:14 +0000

It is interesting to note that between Oct.19th -30th this year India’s Central bank purchased 200 metric tonnes of gold from the IMF, making this the biggest single Central Bank purchase over such a short period for the last thirty years. Prior to this, India held 350 tons of gold at the end of 2008, placing it in a position of the 12th largest government owner of gold in the world, the additional purchase of 200 tonnes propelled it to 9th place infront of Russia, and at present India is the largest buyer of gold for jewellery and investment.

The IMF approved 403.3 tons of gold for sale in Sep. this year with China, Russia and Brazil showing interest in the balance after India’s purchase of 200 metric tonnes. Since 2003, China has increased its gold reserve 76 percent to 1054 tons. So what does this mean? Maybe that gold is the rock that economies can stand on during world economic downturn and diminishing currency values, a rock solid foundation for future economic stability??

For those of us who don’t have the funds to purchase gold in abundance, there is always the option of buying small cap stocks in fledgling gold miners, many of whom will develop their own tenements and others will sell out to larger players, but either way stock prices should benefit from rising gold prices at the moment. There are certainly no guaratees that this will happen, but the same applies when you buy gold bullion.

Happy Investing.