is gold still a good buy long term ?

[Barron]

Originally Posted by VorloN

There is no way silver will go much lower than it is now. If by some miracle it goes below $25 I'll buy silver with all my spare cash Not a bad time to buy platinum as well. But gold wouldn't be my choice right now.

Some say a silver by under $30 is good to go with, it's expected to go up this year and all known silver reserves are going to be used within the next 25years,

Best Regards

[VorloN]

Originally Posted by Barron

Some say a silver by under $30 is good to go with, it's expected to go up this year and all known silver reserves are going to be used within the next 25years,

Best Regards

Agreed. Silver is already trading over $33 attow. And I don't think it's going down, only up with time. Maybe will reach $50 by the end of the year. We will see. One thing for sure - silver is undervalued.

[VorloN]

If anyone has some cash reserves and can wait a couple of years - buy silver now. You can't lose with it, only gain.

[kjansen1969]

I believe buying Gold for long term investment, is still a better option to consider. However,this may vary on the person's point of view, if he is open to challenges and willing to take the risk. This can be a challenging part especially for individuals who have more than enough finances to sustain. We all have the options, such as choosing between long term or short term gain. Sometimes these choices may even lead to ,why not do both investments, right? But then again, just select wisely!

[Barron]

Originally Posted by kjansen1969

I believe buying Gold for long term investment, is still a better option to consider. However,this may vary on the person's point of view, if he is open to challenges and willing to take the risk. This can be a challenging part especially for individuals who have more than enough finances to sustain. We all have the options, such as choosing between long term or short term gain. Sometimes these choices may even lead to ,why not do both investments, right? But then again, just select wisely!

Good points. the only thing with silver compared to gold is that it's more susceptible than gold to price fluctuations. Most of the ppl in the know seem to feel that it will outperform gold this year and end up doubling in price?

Potentially some good profit there but IMO gold is still undervalued and is more stable over the long term for an investment,

Best Regards and welcome

[kjansen1969]

I'm thinking silver will out perform gold to. However we need to mind the GSR, gold to silver Ratio. Which historically holds at 50:1, if silver goes up, that ratio holds, gold goes up. Investing in silver is typically a timing issue, just as you say Barron, because of price fluctuations.

[Barron]

Originally Posted by Corwina

Well if any one is interested in the purchase of the Gold for the long term than i would recommend yes it should be purchased if you have the hoarding power because it is a commodity which have the vast benefit and it is stronger as compared to the dollar.

With many major Country Central banks stocking up on gold, now would be an excellent time to buy. Both Gold and Silver are considered well under value, it's starting to look like Gold may start playing a role in partially Gold backed major currencies around the world.

Never any guarantees, but the next few years may bring the price of an ounce of Gold into the thousands? Silver is still a great bargain for anyone who can deal with the short term fluctuations. Long term, it should make more than a few ppl wealthy,

Best Regards

[Goddess Venus]

I think gold is good for the long term as long as countries continue their easy money policies, bail-outs, and fail to fix the debt problems.

Gold Ripe For A Comeback On European Anti-Austerity, US Worries - Forbes
http://onforb.es/IWe41H

The stars could be aligning for gold to return to its decade-long bull run... an intense resurgence of political risk in Europe and a couple of months of weak jobs numbers in the U.S. put stimulus definitely back on the table: safe-haven flows, currency debasement, all of these are gold-positive.

Add anti-austerity gaining ground in Europe and the abolishing of a gold excise duty in India (the world’s largest gold importer), and you have an even more favorable environment for the yellow metal.

This hasn’t been a good year for gold investors. After a nice pop in the first couple of months of the year, the yellow metal completely broke down during the last day of February, entering downward sloping range that has kept it above $1,600 an ounce, but consistently farther from $1,700...

But it could be time to jump back into gold. One of the best performing assets of 2011, gold has had a dual nature, trading as a safe-haven or a risk-asset, depending on market sentiment...

[kjansen1969]

Originally Posted by ronmr2

is gold still a good buy long term ?

Greece's exit from the euro-zone is now just a matter of time. This exit can make severe impacts on the european economy's well-being and will potentially cause a free fall of Euro's exchange rates. This will be advantageous for the U.S economy as dollar will get stronger against euro but this doesn't ensure long-term prosperity of dollar as the U.S economy has a burden of $15 trillion as debts. In addition to that, many analysts are expecting a QE3 by the Fed very soon which will certainly cause some devaluation to dollar. In such dilemma, it's wiser to invest in something that is comparatively stable, gold has a long history of being a trump card for it's owners at the time of economic turmoils. It is the time that we should think on increasing our gold portfolio for future profits.