K
Karen M A.
Gold is Real money …..
Money 101
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Welcome to SaverLife
Gold is Real money …..
It's pretty too.
But you have to store it safely!
and not forget where you hid it:)
Gold is based off the US dollar
Is it too late to get in?
arts
Is it a good idea to save gold?
pretty cool
Gold is a safe haven but often "investors" pay a premium and price rises may be slow to offset it. It is somewhat of a long term safe haven.
Gold may be good if you think the apocalypse is coming. But if technological civilization does not collapse in your time horizon then crypto has many advantages.
Is it a good idea to save gold?
IMO in normal times dollar cost averaging (investing a set amount consistently) in funds that track the major indexes proves historically successful. But today the markets may be due for a correction.
So I would put half that intended amount in indexes and leave half in higher interest savings to average in later when the market drops a lot.
I'd also suggest setting aside 10% of your monthly investment goal for one of the cryptocurrency choices. PayPal has a low commission option.
What I would not do in today's market is invest heavily in gold & silver. If you just gotta have a stake in it choose a mining stock that also harvests industrial metals.
And there are also investment funds like Wealthfront ($500 min) that lets you set risk levels or Redwood fund (pay what you want fees via an Aspiration checking account).
Still feel nervous? Try US Savings bonds. Not the best returns today but as solid as the US dollar at least. Just don't plan on cashing them in for years.
I believe everyone should invest in gold to help with the future especially if the country goes into inflation. It is a good form for a product that is tangible.
Does gold ever lose its value?
All investments will gain and lose over time. Before you invest in anything, understand the associated risk and what you are willing to possibly lose vs the possibility of gain. Savings accounts are safe, but provide very little interest. The stock market is volatile but can give big returns. It's all about the risk you are willing to take.
Gold is good for value preservation
Ty and a few others raise some very good points.
Yes.
Yes its good
Most investments are valued by comparing to a currency. Since currencies value varies and is subject to inflation.it would be nice to see those investments compared to something more real,like the cost of a basic food basket. Feeding
our selves is one of the main objectives for most of us.
Don't forget silver
Ok
Yes
timing when it is not popular is the time to buy
silver eagles