gold rush

[sanketp]

have anyone of you guys do gold trading? have you guys involve in gold market?

by the way my name sanketp, a newbie who try to look for some advice on gold market from anyone who have experience.

:)

[Fergal]

Welcome to Business Advice Forum Sanketp and thanks for joining.

I saw a news article earlier in the week on a Dublin based gold investment company who said that phone calls to their switch board had increased 400% due to the recent economic difficulties. An increasing number of investors are buying gold because they consider it to be the most stable investment at the moment.

I haven't got experience of trading in gold myself. However, I would have concerns that a lot of people may have bought gold recently because they were looking for a secure place to put their investment funds. It may now be just a little late to obtain maximum returns from investing in gold.

[Nazreen]

Welcome to Business Advice Forum Sanketp.

I think that it's still okay to invest in gold especially during these times. Try approaching some investment banks in your area and ask them how to setup a trading account. They'll be more than happy to answer your questions. Most already have an online platform so that you can do your trades on the internet. You should sign up with one that you think has the most user-friendly platform and the lowest financial charges - upfront and ongoing fees, if any.

[vlada]

Sorry, but I have no experience in gold trading. But almost all the sources of business information confirm that investments in gold are most profitable and stable investments today.

[taki]

Considering the instability of the financial instruments in today's world, gold could be a very valuable investment. However you have to realize that gold is being moved away from and a wealth instrument and toward an industrial metal.

[Fergal]

Have you considered this any further Sanketp? Are you planning on investing in gold? Would you buy it online or through a local broker?