Home   Forum   401k   Credit Cards  
    Register   Login   Members   Search   FAQs     Recent Posts    
Selling Gold the Right Choice?

Reply to topic
Money Talk > The Green Room

Author Thread
clarissa_vargas
Full Member


Cash: $ 14.80

Posts: 73
Joined: 05 Mar 2010
Location: Long Beach
Selling Gold the Right Choice?  Reply with quote  

I am not a financial expert but I have a question that I am sure at least one of you can answer...

I've notice in recent years many companies over the internet, at the malls, television etc., are very excited on buying gold.

Due to the economy I've notice they are trying to trick you into doing so as a way of a financial help. My mother who recently had an urgent financial need sold almost all her gold jewelry to pay her rent.

What this made me think is that then gold is very valuble at the moment, so is it really convenient to sell your gold or what is your best choice is there any way to obtain more profit?

Payday Loans
Post Tue Mar 09, 2010 10:45 pm
 View user's profile Send private message
coaster
Senior Advisor


Cash: $ 1318.80

Posts: 6496
Joined: 11 Oct 2005
Location: Wisconsin
 Reply with quote  

If they all want to buy it, why would you want to sell it? Seems to me that holding on would be the smart thing to do.

~Tim~

Eye Candy : Why Whimsy
Post Wed Mar 10, 2010 7:18 am
 View user's profile Send private message
david1987
Full Member


Cash: $ 14.00

Posts: 70
Joined: 19 Dec 2009

 Reply with quote  

Of course, its a right way to think about buying gold. I am in favor of it.

Insurance surveillance
Post Sun Apr 11, 2010 6:48 am
 View user's profile Send private message Visit poster's website
LottomagicZ4941
Senior Member


Cash: $ 1.16

Posts: 2463
Joined: 02 Dec 2004
Location: Earth
 Reply with quote  

quote:
Originally posted by david1987
Of course, its a right way to think about buying gold. I am in favor of it.


I'm kind of biased against Gold cuz it doesn't produce anything. I can see holding 10% as diversification and kind of wish I had done that before the meltdown;)

My Current Favorite Marketing Tool. If you like text adverts you will like it
Save 25% off some versions of Turbo Tax some say it's a CPA in a CPU
Post Mon Apr 12, 2010 8:41 am
 View user's profile Send private message Visit poster's website Yahoo Messenger
egoistic
Member


Cash: $ 2.60

Posts: 13
Joined: 24 Apr 2010

 Reply with quote  

If a lot of people are trying to buy golds, Its the best time to sell some because you can choose or pick the highest bidder for your golds. If less people are looking for golds, the price usually turns low.

Lindsay Rosenwald
Post Sat Apr 24, 2010 8:55 am
 View user's profile Send private message
ruby27
New Member


Cash: $ 1.05

Posts: 5
Joined: 24 Jun 2010
Location: PT
 Reply with quote  

Hi,

To buy gold and sell gold through companies has become a a good start is to encourage your fami Gold Investment.

And also this is best to investment through some barrier.

roulette
Post Tue Jun 29, 2010 6:44 am
 View user's profile Send private message
calbeach
Full Member


Cash: $ 16.20

Posts: 81
Joined: 12 May 2010
Location: USA
 Reply with quote  

If you made at least 30% of your investment, then selling gold is not that bad. I think it already this the max this year.

Insurance Insurance Company Car Insurance Insurance
Post Tue Jun 29, 2010 9:39 am
 View user's profile Send private message
Eric80
Full Member


Cash: $ 17.25

Posts: 86
Joined: 28 Jun 2010

 Reply with quote  

i watched something about selling gold adn basically dont go to the companies that are offering to buy your gold ebcause you get a less of the actual worth of it.

if you know any trusted jewelers then go to them as they will offer a better price of the gold
Post Tue Jun 29, 2010 9:47 am
 View user's profile Send private message Visit poster's website
pak001man
Member


Cash: $ 0.50

Posts: 17
Joined: 15 Apr 2010

 Reply with quote  

I think the best think to do is to buy some gold if you don't have already. You then have to keep it for a while until the price goes up and then sell it. Sadly nowadays the price is really high, if you already have a bigger ammount of it you are a lucky bastard.

Highest paying pay-per-download - $800 for 1000 downloads
Post Wed Jun 30, 2010 9:20 pm
 View user's profile Send private message
Eric80
Full Member


Cash: $ 17.25

Posts: 86
Joined: 28 Jun 2010

 Reply with quote  

quote:
Originally posted by pak001man
I think the best think to do is to buy some gold if you don't have already. You then have to keep it for a while until the price goes up and then sell it. Sadly nowadays the price is really high, if you already have a bigger ammount of it you are a lucky bastard.


i think its ahrder to buy gold for investment so it might be best if you can to hold onto it until the price is at his highest or you just have the gold to sell
Post Tue Jul 06, 2010 8:01 am
 View user's profile Send private message Visit poster's website
calbeach
Full Member


Cash: $ 16.20

Posts: 81
Joined: 12 May 2010
Location: USA
 Reply with quote  

I think Gold price is at its peak based on the current market and its price will come down in the near future.

Insurance Insurance Company Car Insurance Insurance
Post Tue Jul 06, 2010 4:59 pm
 View user's profile Send private message



Reply to topic
Forum Jump:
Jump to:  
  Display posts from previous:      






Money Talk © 2003-2011



Arcade Banner Exchange