Oh man, let's talk gold because I think I was screwed up when I literally bought 4gms of gold for the price of $275. If I had to do it again I sure would not because I think that's outrageous for just 4gms, I was F@#$%@#$@ disappointed and my wife wouldn't speak to me and kept making fun of me! lol, I laugh at it now but I sure would not do it again. Sorry but to answer your question Gold is truly over priced because "THEY" said it is the only true "currency" that will not lose value.

KB, buying physical gold as an investment is usually not a great idea because jewellers rip you off when they sell it to you and when they buy it back. The only good time to hold physical gold is when the world is ending, and at that point, I think our money is going to be last thing we're worrying about

If you want to invest in gold safely and with very little transaction costs, the best way to do it is with a Gold ETF that tracks the price of gold almost exactly, and trades just like a stock on the stock exchange. The biggest and most liquid Gold ETF is the SPDR Gold Trust (GLD), here check it out:

www.wealthlift.com/stock-profile?userid=550

SJPour, good point. I definitely with your thoughts long term. I definitely want something that increased in real value.

Breedlma, are you invest in gold right now? Where do you see it heading in the next 12-24 months?

Sorry, I'm actually not invested in it. This is more of an overall philosophy... I haven't been watching the price of gold.

I am split between the two completely opposite opinions... I want to say that gold is becoming overvalued, but then I think: At the rate that the Fed is "lending" money, I am afraid of what the dollar will be worth in the future. Someone tell me if I am being paranoid.