Is investing in gold bullion a good idea?

Anyone know the in's and out's/pro's and con's of this, I have heard it is a fairly safe form of investment.

Public Comments

1. No chance - the price of gold and precious metals have gone down. Diamonds/precious stones are the business.
2. lend me a fiver mate,,,
3. I was going to answer your question, but then your OBSCENE misuse of apostrophes angered me. They're not used in plural nouns. Don't invest in gold, invest in a grammar book.
4. It's a great idea. Buy low, sell high. Bye bye.
5. You would be gambling on a price rise, when over the last 20 years, or so, the price has risen, fallen sharply, stayed low for several years, then risen again in recent times. Various happenings affect the price;such as - stock market crash, world conflicts, (e.g. a Middle East war), supply and demand.
6. Gold has never been a good long term investment. It does not beat the stock market or inflation. I do believe it is a good short term investment because it has been beaten down over the past year. P.S. Diamonds are not a good investment. Diamonds can be man made now and the quality will most like improve soon.
7. No. Do some research on the performance of Gold as an investment over the last 10 years to find out for youself why it's not a good idea. You MUST get used to the idea of 'looking before you leap' ... or you will soon be parted from your money (just like any other fool)
8. Don't invest in the physical gold silly. Invest in the futures contract. The reason being Gold is not a LONG TERM investment. You want to make large profits from small moves, the best way to do this is using the leverage that futures contracts provide.
9. yeah, about 10% of you investment money. Never know when the dollar is going to become worthless