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Investing/Strategies / Retirement Investing
|Subject: Re: A Big Gold Chain as an investment?||Date: 12/8/2010 1:51 PM|
|Author: Goofyhoofy||Number: 67819 of 78037|
Jewelry is not an investment. You're lucky to get back 50% of what you paid. My wife was in the jewelry business for several years, she only bought what gave her pleasure, not what she thought would be "worth more" because that simply never happens.
Gold is absurdly high right how, although it might go absurdly higher for a while, you never know.
I'd suggest find "a crappy stock" that you think will still be in business 10-20 years from now, and putting the money in that. $1800 worth of McDonald's stock bought 20 years ago would be worth $18,000 today, not including dividends, which would make it higher yet.
$1800 worth of WalMart stock 20 years ago would be around $15,000 today, not including dividends.
Gold would have done well, too, but I believe you'd be buying in at the peak and watching it come down as the world economy settles. At the moment you're seeing a blip, as occasionally happens when people get scared. It never lasts.
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