What do you think are the weakness of investing in gold?

[astutimeliana723]

What I know is that the weakness of investing in gold is that the price tends to increase slowly, in contrast to mutual funds or stocks whose prices fluctuate every day. So, this gold is more suitable for investment in a period of more than 5 years. In addition, there is a risk of loss if we use gold as jewelry.

Now what do you think are the weaknesses of investing in gold? Let's discuss it here, thank you.

 

[Chibson]

Yeah, unlike cryptocurrencies good times two be less volatile and that is why a lot of people prefer investing in it. You can make a profit slower but at the same time the risk is also lower.

 

[Suba]

In my opinion, owning gold is not an investment but only as a hedge against inflation, because the price of gold is too stable even though every year the price of gold rises, but it will be too difficult to make capital gains in a short time.

 

[Chibson]

In my opinion, owning gold is not an investment but only as a hedge against inflation, because the price of gold is too stable even though every year the price of gold rises, but it will be too difficult to make capital gains in a short time.

Anybody that wants to invest in gold should always have in mind that it is not something that will appreciate very fast in a year. It is a good investment but you should have long-term purposes in mind.

 

[Suba]

That's why, personally I prefer investing in stocks and crypto, more speculative and challenging while learning to analyze the market. Gold investment is more suitable for conservative groups because it is calm and doesn't shake the heart beating faster.

 

[astutimeliana723]

@Suba I think I prefer investing in gold for the long term, if for the short term I prefer to save in the bank. I don't like being pounded all the time. LOL.

 

[Suba]

It's very good to invest in gold, if you invest in physical gold, make sure the gold is pure, also currently there are many gold investment mobile applications available. making it easier for investors to invest such as saving.

 

[jetsaints30]

What I know is that the weakness of investing in gold is that the price tends to increase slowly, in contrast to mutual funds or stocks whose prices fluctuate every day. So, this gold is more suitable for investment in a period of more than 5 years. In addition, there is a risk of loss if we use gold as jewelry.

Now what do you think are the weaknesses of investing in gold? Let's discuss it here, thank you.

Well from what I hear, the downside of investing in gold is that it doesnt exactly have a track record of skyrocketing in price. Unlike stocks and mutual funds gold tends to have a more sluggish increase.

 

[astutimeliana723]

@jetsaints30 It's true though, but the risk is also lower than stocks and mutual funds, and will definitely be more suitable for long-term investments of more than 5 years to take advantage of the rising prices.

 

[Suba]

Gold is not only an investment but can also be used as an emergency reserve, because it is very easy to liquidate. The risk of a physical gold investment is lost or stolen. So you have to be careful about storing it.

 

[astutimeliana723]

Gold is not only an investment but can also be used as an emergency reserve, because it is very easy to liquidate. The risk of a physical gold investment is lost or stolen. So you have to be careful about storing it.

Yes, you're right, I agree with you, besides being able to invest gold, it can also be used as a savings account or emergency fund, which can be cashed out whenever needed. The weakness is that it is easy to steal, so we have to make the safe in a safe and secret place that is not easily found by anyone other than the occupants of the house.

 

[Bisolami]

What I know is that the weakness of investing in gold is that the price tends to increase slowly, in contrast to mutual funds or stocks whose prices fluctuate every day. So, this gold is more suitable for investment in a period of more than 5 years. In addition, there is a risk of loss if we use gold as jewelry.

Now what do you think are the weaknesses of investing in gold? Let's discuss it here, thank you.

Ooh I get you
The proce does not rises very fast like all other cryptocurrencies but I love the fact that you will surely make profit.

 

[Chibson]

Ooh I get you
The proce does not rises very fast like all other cryptocurrencies but I love the fact that you will surely make profit.

if you are investing in gold you should always have long-term plans at the back of your mind in order to be able to maximize profit. But some cryptocurrencies have more potentials to make you more money.

 

[Hate2Wait]

I have invested in digital gold but I made a mistake by not withdrawing when its price was its peak 2-3 weeks ago and now its only dipping

 

[Starmix]

It is good to invest in gold, but I do not have a lucrative capital to venture into god buying. The per gram price in my place is P 500 pesos.

 

[cherry123]

One thing I like about gold is that iy is less volatile unlike crypto and that is why a lot of people prefer investing in it. The risk here is lower. You can make a profit too.

 

[Chibson]

One thing I like about gold is that iy is less volatile unlike crypto and that is why a lot of people prefer investing in it. The risk here is lower. You can make a profit too.

Yeah, but the amount of profit you are going to make is very small when compared to the potentials cryptocurrency has. In crypto you can make much more profit than in gold.

 

[cherry123]

Yesh the good thing about gold is that even without a good grsb of how it works you might not fail as when it is about how to make money off cryptocurrency.

 

[Bisolami]

if you are investing in gold you should always have long-term plans at the back of your mind in order to be able to maximize profit. But some cryptocurrencies have more potentials to make you more money.

Investing in gold is just like buying a piece of land and trying to sell it after some years. That is how gold is.

 

[cherry123]

Yesh it is a lot better than trying to invest in other assets it is easy to understand if you want to start trading it you just have to understand it