Should I invest in gold? - Business, Finances and Investing Forum

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Should I invest in gold?

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04-05-2014 , 08:35 PM

Gone Fi$hin'

journeyman

Join Date: Jul 2013 Posts: 250

So I'm a noob at investing and I want to save money (in the long term). With todays economy I don't want to save up a whole bunch of dollars then wake up one day and find out the dollar crashed. My friend said gold always goes up and gets even higher during an economy crash, is this true?

04-05-2014 , 09:34 PM

SlowHabit

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Join Date: Apr 2006 Posts: 4,394

Without knowing investment objective, time frame, and risk tolerance, it's difficult to give a recommendation. Just know that having a small position in gold is good for your portfolio. Ray Dalio recommends 5-10%.

Over the long run, equity has outperformed gold by a wide margin.

04-05-2014 , 09:43 PM

Gone Fi$hin'

journeyman

Join Date: Jul 2013 Posts: 250

Quote:

Originally Posted by SlowHabit

lmao thanks for your answer but I have no idea what your terms mean lol. When I said noob I meant NOOB. I think I'll look into this stuff some more though, it always sort of interested me

04-05-2014 , 09:44 PM

HeadsUpLoser

adept

Join Date: Mar 2009 Posts: 1,096

04-05-2014 , 10:22 PM

jalexand42

Hypothetical Ubermonkey

Join Date: Oct 2005 Posts: 5,390

Quote:

Originally Posted by HeadsUpLoser

This. And this doesn't need to be it's own thread.

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