Is it worthwhile to invest in precious metals?

sharabela

Active Trader
Oct 19, 2016
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If you want to invest in Gold, you may go long for some weeks. However, if you want to invest it for 4/5 years, it may not be best time to buy Gold. Wait for the price to come down, which may take at least a year.
 

Dutchy86

Trader
Sep 27, 2020
24
3
19
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The metals will definitely move differently than if you are use to fx. Ideally need a bit more capital as well
 

vicjon1995

Active Trader
Sep 29, 2020
219
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If you want to invest in Gold, you may go long for some weeks. However, if you want to invest it for 4/5 years, it may not be best time to buy Gold. Wait for the price to come down, which may take at least a year.
Would you please clarify here why you think investing in gold for a long time is not a good option right now?
 

Swiss_cheese

Trader
Aug 30, 2021
76
9
9
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I was advised that Gold is more for capital protection than making decent profit. Better off with index funds.
Day trading is another story, they are volatile, so you can make good profit (or also loose quickly).
 

Jungletrader

Banned
Sep 5, 2019
78
7
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Absolutely I hold both physical Gold and Silver .
Once your mindful of the spreads especially on Gold they offer plenty of trading opportunities