View Full Version : Egold investment
wkhaiaun
Fri 29th Feb 2008, 04:27
My egold investment has so far paid off handsomely. When I bought it sometime in May last year, the price was around 600+. I only put in about 150USD. Not much but that's all I can afford. :)Today it has grown close to 200USD and gold price is already hovering at around the 960 level. Soon I predict it will be over 1000USD psychological limit and it's time to sell it off. Wish me luck guys :D
crystalbrite
Fri 29th Feb 2008, 17:35
Good luck to you. If only I have followed the same. My friend actually proposed to me the same thing but I never took it seriously to invest in gold. I think with the current trend, the price can only go up further.
BlueEew
Fri 29th Feb 2008, 22:53
I am a little confused what you have done, or what you are doing. Anyways I grant you good luck on your journey. Remember to post back and let us know what goes on.
Technologically
Tue 25th Mar 2008, 10:12
While I think your decision to invest in gold is a wise decision, the last thing you wanna do is use an e-currency such as e-gold as the place to keep your investment safe.
E-gold can be hacked and at the moment the company is not in good health. The internet is full of messages from people whose account got blocked. Even if the company was in good health, never leave a lot of money in any e-currency.
If want to invest in gold, buy physical gold and only physical! The same counts for silver which is in my opinion an even better option than gold, if you get in for the long haul. Prices for both commodities are still dirty cheap.
pendelton
Tue 25th Mar 2008, 15:34
I've collected silver on the sly, old coins. Some are worth near nothing due to their age and use by numismatics standards, but their silver content is worth far more, so they are cool. I have a several pounds, with the largest weight bearing being old silver dollars that someone used and electric pencil to etch their names on.
At today's listing in the paper my zero dollar investment is over $50.00 right now.
What are the fee's going to be to get you e$ changed to real cash?
rachael24
Tue 25th Mar 2008, 18:24
Im not sure about fees....anybody else have any idea?
pendelton
Tue 25th Mar 2008, 20:37
From what I have read the fees are high, but it depends on which exchanger you use, and how you get it sent.
niceboy
Wed 26th Mar 2008, 14:31
I consider, investment in Gold as always safe investment. You will almost never need to worry about having loss, if you are thinking of medium range period of investment. Its true that, it is a really a golden time for those invested in gold. But i doubt the value of stable investment from online investment on companies like Egold.
If you really would like to make some real money, try investing in real estate. but, I agree that the real estate investment is not for smaller people because it needs huge initial capital.
lokesh05
Wed 26th Mar 2008, 15:24
Gold prices fluctuate and have a dependence on the stock market!
Real Estate on the other hand gives you handsome returns in most of the cases!
Also, if one sees between Gold and Real estate, i would prefer Real Estate, though many experts are now a days suggesting investing in Gold!
Technologically
Thu 27th Mar 2008, 08:19
From what I have read the fees are high, but it depends on which exchanger you use, and how you get it sent.
Actually the fees are peanuts if you'd buy now and sell in 10 - 15 years.
I'm pretty certain silver will be a 3-figure number in 5 to 10 years (probably less) from now.
falguni1
Thu 27th Mar 2008, 13:56
physical gold coins are a good and top form of investment. Best way is to buy pure gold jewelery not less than 20 carat, always buy more than 20 carat it will also keep the women happy.
maroo2007
Sun 6th Apr 2008, 17:24
for my bad luck gold price go down since i opened my e-gold acc so i lose some money there not much but still losing.
i hope that gold will go up this week and get some money from there
wormy
Sat 12th Apr 2008, 23:34
For people in the US there might be a potential problem with gold as there is an obscure law that says that the US federal government can confiscate any and all gold held by private citizens during a national crisis. I assume this applies to e-gold as well so as a store of value this means gold is not as safe as you would think. This law does not apply to any other precious metal so for people considering e-gold, why not look at e-silver, e-platinum or e-paladium instead?
Also, some people think that gold prices may have peaked but perhaps one of the other three precious metals I mentioned have yet to peak making them a wiser investment for the purpose of speculation. It is relatively easy to convert e-gold into one of the other metals online. After you have done your research, of course.
true_promote
Mon 14th Apr 2008, 10:17
But I dont think that you can make huge profits with so little of investment!
Why dont you start investing in HYIPs with your egold,you MAY make larger profits ;-)
pendelton
Mon 14th Apr 2008, 21:41
Just do not mention playing around with scams here, this is not the place.
moonlight
Sun 20th Apr 2008, 02:05
e-gold is s great invest my next goal is to invest most of my money there
but i've little problem there sometimes i can't login to my account o i get worried that i've been hacked or something like that but when i asked my friend they face the same problem there
some people think that e-gold has been hacked do you think it's still safe to keep and invest money there
Nazreen
Sun 20th Apr 2008, 09:45
You might be asking if it's still wise to invest in gold at this time because the price of gold has already gone up considerably. The answer is yes. We are now in the bull market and this has another 10 or maybe 15 years more to go so the price of gold will still go up.
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