How do you plan to grow your nest egg ?? :)
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part of the reason of gold price increases is because the USD is depreciating, as the gold is sold in USD
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It is not a gd time to invest in gold now coz the price is high right?
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Village Girl:
It is not a gd time to invest in gold now coz the price is high right?
IMHO it will keep going up.
If I have the money, I would buy gold (bars). -
The price of gold is inversely related to the strength of the stock market. When stocks are doing well, gold prices will fall, and the converse is true. This is because people will take out money from stocks to buy gold as a safe haven when they are fearful.
If you think the stock market will continue to tank, then invest in gold by all means. However, don’t forget that gold has been oversold for a long time, and a correction might be round the corner. What is known at this point is that a strong support level is at the USD100 so it shouldn’t go below that even after any correction. -
ChiefKiasu:
Chief, you meant US$1,000 !The price of gold is inversely related to the strength of the stock market. When stocks are doing well, gold prices will fall, and the converse is true. This is because people will take out money from stocks to buy gold as a safe haven when they are fearful.
If you think the stock market will continue to tank, then invest in gold by all means. However, don't forget that gold has been oversold for a long time, and a correction might be round the corner. What is known at this point is that a strong support level is at the USD100 so it shouldn't go below that even after any correction. -
Dear CKS . . . err supoprt level at US$100 means a big fall !!
Just kidding, I know you mean US$1,000 :lol: -
Hee hee .. $100 .. have to wait wait long long .. most likely not going to happen
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Somehow, I’m in love with real estates. So, when I plan for my nest eggs, after going round-and-round all kinds of other assets, I’m drawn back to properties.
And I’m still very positive about properties, especially in the long run !! -
Eagle-Ladybird:
in this case, you can wait to buy at the bottom, or near bottom, if you already have a roof over your head nowSomehow, I'm in love with real estates. So, when I plan for my nest eggs, after going round-and-round all kinds of other assets, I'm drawn back to properties.
And I'm still very positive about properties, especially in the long run !!
property market when entered at the appropriate timing will out perform the economy due to population growth as well as scarcity factor of prime / good location. hence good locality is a good investment - it is the same in every city, large or small
the right property can be used as an heirloom as well as hedging for kids' overseas education funding need, after that use it as a hedge for retirement funding -
mwchua:
Hubby kept on harping that if we were to put majority of our savings into those blue chips during the lows of 2008s, now can shake leg a bit....
It is very hard to say. I have a friend invested big during 9/11 and SARS low into the stock-market. Made lots of money became millionaire but maintained the leveraged (hence risky) positions. During the financial crisis the past 2 years, stock market crashed and went bankrupt.....
I was really envious of the \"timing\" and \"risk-taking appetite\" of my friend. When heard of latest circumstances dunno what to think...
:celebrate:
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