what should i invest in gold or platnium?
I currently have some cash to invest in and im interested in gold and platnium. I have around $10,000 to invest so i was wondering which one seems to have the better future to make me money gold or platnium?
Public Comments
- Gold
- platnium
- If you know what u are doing invest in gold....... It changes a lot now ..... it goes up and down within $10 and jumpes to 20 or 30 its really good i make lots of money playing with gold.
- Neither. Both are commodities that have no earnings. They are not investments. To make money holding a metal you have to get lucky and trade well. To make money in an S&P Index fund all you have to do is invest a little every month within a Roth IRA.
- Metals don't generate new wealth like a company does, and therefore their value doesn't gain much, except during times of shortages or falling stock and real estate markets. Gold's value is in some industrial uses; platinum is rare but cannot build a nation. Wealth is now measured in computer bits, not metals. If I were to invest in metals, given the rise of China, I would invest in copper producing firms instead. However you go about it, best of luck to you. May you prosper greatly. And remember old Boomer Wisdom in his old age...
- Gold is expensive and price is very volatile. Think about silver - you can buy around 650 oz.
- I wouldn't recommend either right now. I invested in gold 3 years ago, and have made a lot of money, but it's almost time to sell and take my profits. Platinum follows similar cycles.
- Try uranium there is a big supply and demand gap for it right now.
- if you confuse where to invest, my suggestion is to invest your money in education first.
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