What is your interestin buying gold?

bestwriter

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• Apr 27, 2024

• #1

We only bought gold to wear and never thought it would be sold and most housewives have the same thought. But so much is being talked about fluctaution in gold rates and this is more to draw attention of those who have plans to sell. The only time someone would sell gold is when they are hard of cash and it is possible at that time the rate could even be lower than what it was bought.

What is your thought on this?

 

cherry123

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• May 6, 2024

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That's right a lot of people sells their gold when they need their money urgently. But if not it is storing galore

 

nomad

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• May 7, 2024

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Gold is safest investment, it can be converted to liquid cash at any time. That's why I like to invest in gold.

 

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timewo

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One of my homes has been burgled repeatedly and the burglars are usually only interested in cash and gold. So after that I have stopped purchasing gold, since my home is not secure.

 

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Ratine

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Gold is a very wonderful investment tool. It's risks are very minimal if it's handled so well.

 

freelancermaria

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During times of emergency or when people need immediate cash, they often sell their gold jewelry. In such events, they typically pawn their jewelry and redeem it once they have the money.

 

Sanjeev

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I have bought some gold in the form of a bread as I know gold will be expensive in the future.

 

Shavkat

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• May 8, 2024

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I can still remember my mom, and she used to say that it was best to invest in gold jewelry. The prices usually do not go low in value.

 

Sanjeev

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• May 8, 2024

• #9

Gold is good to buy and invest money because it's rates never goes down, it will always increase in future.

 

bestwriter

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• May 12, 2024

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• #10

The fact of othe matter is commoners do not sell their gold unless they are in dire need of money and at that time the price could be less than the rate at which it was bought.

 

Sanjeev

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• May 12, 2024

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No, I have never seen the rate of gold in reducing trend, it always increases every month or so.

 

You

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• Jul 14, 2024

• #12

I completely agree. Most people buy gold for personal use, not as an investment. But with the constant fluctuation in gold rates, it's clear that the focus is on appealing to those who might sell. And you're right, people usually only sell gold when they need cash, which means they might get a lower price than they paid.