should i put my money into gold?

[LACE]

it depends on how much money you have to invest, if you're doing it for less doom and gloom reasons... a couple million could make a nice chunk of change, but a couple hundred could be better invested in something that nets a better profit percentage.

could always get a little riskier and invest in thorium or rhodium if you're looking for spikes in market price

a little riskier? OR

i could just be boring and go the property route. investing in thorium sounds interesting in theory..

[knell]

it is but risk and reward go hand in hand for the most part, but that's not to be confused with a "good idea" haha

property is looking decent, huge renters market these days so as long as it has rental potential it's probably a safer bet... not too many "fix and flip"s these days but you can never count them out

[nowaysj]

To be boring: look at huty's first post. Looks like he just wants to park his money. I doubt the pound is going to outperform gold in at least the middle term.

[LACE]

it is but risk and reward go hand in hand for the most part, but that's not to be confused with a "good idea" haha

property is looking decent, huge renters market these days so as long as it has rental potential it's probably a safer bet... not too many "fix and flip"s these days but you can never count them out

yeah, that's what i'm on about considering the amount of tourists here increase with each passing year. not to mention the hostels, hotels, etc are all booked to capacity during summer.. so much so that they're building more in our downtown area. i'm thinking about the whole 'buying a few small flats, then renting them out' business. it's my ''get rich quick scheme'' =)

[Sheff]

ive looked into buying gold, ive found out that

a. its really expensive
b. the value of gold 6 years ago was like +1000% of what it is now (may not be actual figures but prob not far off)

not really the best time to buy it apparently

[scattybeanhead]

i get bored about this at work all the time, basically if you wanted to make money from gold then the time has kinda passed. over the last decade or so the value has massively increased vs pound/dollar/euro etc but this has slowed right down over the last two years and has pretty much peaked. it's quite likely that it wont decrease and it will hold its value but you wont necessarily make massive amounts from gold or commodities right now - china or south america are better bets

[nowaysj]

That looks like a bubble to me, but I don't see it bursting any time soon. But then again, honestly, what do I know?

[volcanogeorge]

wine is a good investment for small amounts of cash if you know what you're doing and have a long time to wait

[knell]

it is but risk and reward go hand in hand for the most part, but that's not to be confused with a "good idea" haha

property is looking decent, huge renters market these days so as long as it has rental potential it's probably a safer bet... not too many "fix and flip"s these days but you can never count them out

yeah, that's what i'm on about considering the amount of tourists here increase with each passing year. not to mention the hostels, hotels, etc are all booked to capacity during summer.. so much so that they're building more in our downtown area. i'm thinking about the whole 'buying a few small flats, then renting them out' business. it's my ''get rich quick scheme'' =)

ahh i see! i assume you're talking about Iceland, right? have you read Jón Gnarr's AMA on reddit? really interesting guy to say the least.

property purchasing is a surefire way to stick your roots into the ground, so you have to be prepared to stay within range, which can be a hassle. although i would suggest investing in tourism just so i can be your first customer! iceland is wonderful, it's like arctic hawaii

[nowaysj]

arctic hawaii

[hugh]

Gold value is partly built on false economy and middle men inflating the false-economic situation. I would stay away at least til after the global economic crisis stabilises (which it will sooner or later)

[AxeD]

If you got so much money you're thinking about buying gold, you should invest it imo.

[LACE]

it is but risk and reward go hand in hand for the most part, but that's not to be confused with a "good idea" haha

property is looking decent, huge renters market these days so as long as it has rental potential it's probably a safer bet... not too many "fix and flip"s these days but you can never count them out

yeah, that's what i'm on about considering the amount of tourists here increase with each passing year. not to mention the hostels, hotels, etc are all booked to capacity during summer.. so much so that they're building more in our downtown area. i'm thinking about the whole 'buying a few small flats, then renting them out' business. it's my ''get rich quick scheme'' =)

ahh i see! i assume you're talking about Iceland, right? have you read Jón Gnarr's AMA on reddit? really interesting guy to say the least.

property purchasing is a surefire way to stick your roots into the ground, so you have to be prepared to stay within range, which can be a hassle. although i would suggest investing in tourism just so i can be your first customer! iceland is wonderful, it's like arctic hawaii

thanks for the sound advice knell. and yeah, jón gnarr is pretty beloved here but of course he's not without his conservative enemies who label him ''irresponsible'' for not wanting to promote any military, or participate in NATO. check out næturvaktin, (they may have the show with english subtitles, not sure) but it's excellent black comedy.

[bigfootspartan]

It'll probably be pretty stable and it'll only keep going up as the economy tanks more, but from what I've read the real money is in funds or stocks that pay dividends.

In Canada anyways diviends that are payed out have a significantly lower tax rate than capital gains (since the corporation has already payed 16% on that money you get a refund equal to 16 percentage points less than the federal income tax rate). Problem is, in this economy it'll be tough to say whether the sectors paying dividends (banks and energy primarily) will be able to hold strong through the "fiscal cliff."

[nowaysj]

Our ability to purchase your oil could significantly decrease, even in the short term. In which case, there may be a sharply increased demand in your health services sector.

[LACE]

i'd love to get into the whole stock market, but it's so overwhelming, i have no idea where to start. i'd just have to pay a broker to explain to me what i'm doing, but then he'd probably try to murder me and steal my money.

[nowaysj]

No, he or she would be happy to just steal your money.

--

Safe bet? I'd buy $50k worth of ar-15's in the states. I could see you doubling your money within two years.

[test_recordings]

Best thing to invest in is organic, sustainable agriculture imo. That way you can always have something to rely on if the world fucks up and live off the world if it doesn`t.

[Forum]

Invest in Hydrogen

[Terpit]

Invest in Hydrogen

Helium, no?