Is gold ingots doing worthy surrounded by the stock souk?
Answers: I have to agree & disagree next to "Andrew S".
Yes... Gold in "actual dollars" at an "adjectives time high", but not for what the dollar is worth today.
January of 1980 was the previous soaring at $675 an ounce, but in 1980, the US dollar be much stronger than it is today, making the value of gold ingots (then) twice as much as todays prices.
From calculating all the facts available today, Feb 4th 2008, I project that gold will dance *MUCH* higher!
I already own a bunch, but will buy more as my captial become available.
Gold is not done growing YET! It is *VERY* safe to buy some *NOW*!
To answer the give somebody the third degree correctly, "YES! Gold is doing FANTASTIC!"
Gold is at an all-time high surrounded by the commodity market. (The stock bazaar is a market for shares of publicly traded companies. Gold trades on commodity exchanges.)
Because gold ingots is valued so highly, presently would be the time to sell gold ingots, not to buy it. (Buy low, sell dignified, is the way to spawn $$$.)
Historically, gold is a particularly poor investment. You'd make more money buying bonds, stocks, legitimate estate, most anything other than precious metals, over a 20-year investing horizon.
Edit # 1
The goldbug a few contributors down from me validate another problem with gold ingots - it does not, as a long term investment, produce returns that would overthrow inflation (or a devalued dollar, if you will).
See for yourself. Any financial website such as G00GLE Finance or Yahoo Finance can give you gold's returns since 1928. Check those returns against the inflation rate. Pick any twenty to thirty year horizon, and you'll see - you'll lose money investing surrounded by gold.
Gold have no intrinsic value, is of set industrial use, is endlessly environmental, and produces nothing.
It go up in good point during times of market vagueness, and then plummets when the discount does well (and when investors are more certain).
Gold does not enjoy to file publicly audited financials. Gold have no unique brand, fill no specific need, and is a luxury suitable. Gold is a mere commodity.
Could you make money contained by the short run, speculating on gold? Sure. You could also walk to the casino, and put everything on red.
Or you could do a little research, pay envelope an advisor a small fee, and develop a portfolio of diversified investments that fit your wants.
Leave precious metals to gamblers, speculators, traders, etc.
Gold is not a hot buy today it dropped over $20 an ounce. It is way to large for the average investor to touch right now.