Is it worthwhile to invest in precious metals?

[sammark]

Is it worthwhile to invest in precious metals?

 

[sharabela]

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]

The metals will definitely move differently than if you are use to fx. Ideally need a bit more capital as well

 

[e_abrams]

One can invest in anything and it can be worthwhile, depending on when you invested.

 

[HeavenLeighGill]

I prefer EURUSD but occasionally invest in gold with some good results, just keep in mind that it is riskier.

 

[Variss]

it is right if you have the right strategy for it

 

[vicjon1995]

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?

 

[Fried_Rice]

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]

Absolutely I hold both physical Gold and Silver .
Once your mindful of the spreads especially on Gold they offer plenty of trading opportunities