Thread: CDs in today's marketplace

LOL. I hadn't seen medinvest around for a bit.

Was startin' to miss him!

Originally Posted by medinvest56

Gold goes up when an economy is weak. Price of gold goes down when the economy is strong.

Buying gold now provides a safety net. To make a lot of money off gold, buy it when it is cheap and sell when the price goes way up.

Build a long term investment strategy and you can get a good ROI. If you invest just to profit you will not reach as high of ROI than you would if you make a strategy for long term.

Buying gold now is only good if the price will continue to raise, but alas gold will bubble today, tomorrow, next week, next year, hell maybe even next decade.

This thread is about CD's vs Savings, not interested in gold at the moment. The pending bubble has scared me off for now.

people who didn't see the bubble before now see a bubble in everything. gold may be in a bubble some day again. gold is not in a bubble now.

i only suggested it because i believe it will at least preserve wealth. i have less faith in a savings account or CD to do the same thing.

Originally Posted by Forfend

Buying gold now is only good if the price will continue to raise, but alas gold will bubble today, tomorrow, next week, next year, hell maybe even next decade.

This thread is about CD's vs Savings, not interested in gold at the moment. The pending bubble has scared me off for now.

The gold is the traditional asset class which is inflation proof. If you want to maintain the purchasing power of your hard earned money than simply invest in gold. It will maintain the purchasing power of your hard earned money.