Does anyone here buy gold and silver?

[fuzzybunny]

I was wondering what people here think about buying gold and/or silver?

Good idea or bad idea? Does anyone here currently do this.

I was looking forward to when my last debt is paid and I can concentrate on savings. Looking at the way the stock market is moving up and down part of me thinks it might not be a bad idea to sock away a bit in gold and silver in a safe deposit box. I keep looking at our national debt and they way our money is not backed by actual gold or silver anymore and can't help thinking that having something more tangible tucked away might be a good idea.

What are your opinions on the subject?

Thanks
Christine

[FrugalWitch]

If I had the money, I would invest in gold.

[frugal-fannie]

I would not buy gold unless you find a deal somewhere. You might also look at gold coins. These have an additional collector value above and beyond the gold price. I would research it well.I purchased quite a bit over the years. I tend to buy jewelry. You might as well wear it and enjoy it.I am going to sell some of mine and only keep the pieces I really like.The chinese demand is currently keeping the price up .We are at a record high for gold, that is another reason I would be leary of buying now, more chance of a drop. I have purchased gold rings for 4 dollars that are almost half an ounce.that are marked. I am selling these as I feel the price will drop eventually and I would like to lock in a nice profit. Then I would purchase gold again when I find a good deal. I also purchase antique silver. Dishes,silverware and jewelry. You might look at gold stock like AU stock symbol and they also have gold funds.

[ironmaiden]

I'd only buy gold if you had rounded out other investments first. EF fully funded, bonds, TIPS, individual stocks, index mutual funds before doing any gold.

I did some research into gold a few years ago. Basically if we ever hit that depression, the government knows that you have gold - you have to register it - and they have the right to confiscate it.

Gold goes up and down alot, often. It would be to round out a portfolio, not as a way to hedge against inflation, have money stockpiled for a depression. I'd be interested in seeing a historic profile of gold prices vs. stocks. It's price is far from stable as a product and it is gambling in the markets just as much as anything. And yes, it is the hot thing now. When I was looking into this (and I didn't buy cause we didn't have spare money at the time) it was half the price it is now.

[Telephus44]

It's the next thing I want to add to our investment portfolio. I'm looking at gold coins, particularly the Canadian Maple Leaves.

www.builliondirect.com is where I'm going to purchase them. I'm just saving up enough to buy an ounce (may go half-ounce). Unlike the rest of my portfolio, you can't just buy $50 a month.

[M55FF]

I was wondering what people here think about buying gold and/or silver?

Good idea or bad idea? Does anyone here currently do this.

I was looking forward to when my last debt is paid and I can concentrate on savings. Looking at the way the stock market is moving up and down part of me thinks it might not be a bad idea to sock away a bit in gold and silver in a safe deposit box. I keep looking at our national debt and they way our money is not backed by actual gold or silver anymore and can't help thinking that having something more tangible tucked away might be a good idea.

What are your opinions on the subject?

Thanks
Christine

This is not the time to buy gold and silver for investments... the time is when its at its LOW or cheap... right now its near high.
I would not buy any now.

too risky as it will most likey go back down. If your wanting an investment... there are better ways. I would personally suggest you buy some stocks that are technology related as the world is going high tech ( do your research and find some solid companies) and you will doubtfully regret your purchases