Originally Posted by
iarapilot
Another word of advice....gold. Read up on its projected increase in value relative to the decrease in the value of the $.
I'm sorry but that's one area I don't agree with you on. Investing in stocks is always risky, investing in gold is nothing else than extremely risky gambling...
I like to listen to
Dave Ramsey on money matters and he's vehemently against investing in gold, especially in the long-term investing (even now with the pseudo-socialist bail-out package).
I can't find a link to a radio clip where he had a really good explanation as to why it is not a good idea but here's a short text version of "
ask a question" reply:
QUESTION: A listener says a lot of people are asking about gold investments. Is this a good idea?
ANSWER: It’s a bad idea to invest in gold. Everyone’s talking about it right now because gold is really high.
In the book, Stocks for the Long Run, Jeremy Siegel has a graph that shows what would have happened to a single dollar invested in gold, bonds and stocks since 1801.
One dollar invested in bonds in 1801 would yield $13,975 today.
One dollar invested in stocks in 1801 would be worth $8.8 million today.
One dollar invested in gold in 1801 would be worth $14 today.