Question by LIBERTY4EVER: Can anyone explain the process for investing in gold?
I tried to have my 401k rolled over to investing only in gold. They said that it could not be done since gold/silver is a commodity. Can anyone tell me the best way to get OUT of the market and get INTO gold? I am convinced our dollar will collapse catastrophically and only those with gold stand a chance at even surviving without being a ward of the state and enslaved. Your help is appreciated.
The No 1 answer:
Answer by mhp_wizo_93_418 buy gold. put it in a safe place, cash it in when it reaches the amount that you want to sell it at.
Economist Gary Shilling’s theory on small luxuries as the new status symbols. Plus, Shilling’s insights on stocks, sectors and China’s effect on the commodities bubble. www.forbes.com
A question asked by Joey W: thinking about investing in crude oil, anyone know much about investing in this commodity?
Seems like the perfect commodity to invest in from an economic standpoint, limited resources/ huge demand…what are the drawbacks?
Chosen answer:
Answer by Adam L Commodities (such as oil) are highly volatile, and generally risky investments. If you are absolutely convinced that oil is going to go up and are willing to risk your shirt, go buy oil futures. This is the option/right to buy oil at a certain date at a certain price, usually close to today’s price. If, on that date, oil is worth more, you simply buy for today’s low price and sell for the high price.
However, you can lose everything this way. Price is lower on that date, and you have to buy the oil at the higher price, and sell low. You could lose a LOT of money.
A more risk averse method would be to invest in commodity base d Exchange Traded Funds, such as DBC or GSG, which invest heavily in energy/oil futures, but hedge their bets with T-bills so they aren’t as risky. They are about as risky as stocks – you can’t lose more than you put in, and are unlikely to lose all or nearly all of your investment. But, then again, you won’t quadruple your money in a week either.
Answer by yung4evr2000 He’s now living in Singapore and definitely not investing in anything in the U.S. He has been bullish on commodities for the past 8 years and believes that cycle will continue for the next 10 – 15 years. He recommended buying coffee at the begining of 2008 which turned out to be a brilliant call. Coffee has skyrocketed from 107 to a current 145 – that would be about a $ 1100 gain for every cent.
He believes the U.S. is done for economically and China will be the dominant economic power of the 21st century.
He has been right many more times than he’s been wrong.
Question posed by CP Enterprises: How would I go about investing in Light Sweet Crude, Heating Oil, and Natural Gas?
Hi, I see in Investors Business Daily every day the commodities futures charts and there are 3 that interest me. My question is, Do I buy these three items just like stock? Is the closing price listed the price per “unit” on the specific item? Any insight would be greatly appreciated
Most comprehensive answer:
Answer by Tom Z Good article in Investopedia: Futures Fundamentals: How The Market Works read it here http://www.investopedia.com/university/futures/futures2.asp
Do you know better? Why not leave your own answer in the comments below!
Question posed by AndrewScoggins: What are some good introductory books about investing?
I’m interested in all facets – day trading, commodities, stocks, hedge funds. I’m a complete newbie but have some money I’d like to use wisely.
Question by Michael: Can investing bring as much money as a small business can?
By investing I meant several types of investment vehicles….commodities, bonds, stocks, cds.
I’m 16 and I have $ 11,000 on hand…..and I would love it bring in money for me alongside my monthly income of $ 1,400 I get from my job…….working 30 hours a week.
Selected answer:
Answer by Dudak Investing can make more if, you have inside information that no one knows you have, on some penny stocks. Let’s say a company trading stock at .015 a share and you drop 5k on that company. Then that company comes up with a cure for getting fat from eating too much, and it’s stock rises to $ 100 or more a share.
You’ve done it!
Otherwise, starting your own business, as long as it’s something new and fresh or something that is really needed in your area, is the way to go. Nothing beats being your own boss and being successful at it!
Question by michaelpc12: Is there a safe way of investing in the futures market . A broker has told me that using put options as ?
insurance is safe . How would i do that or how would i judge that to be a safe if i did it that way.
Selected answer:
Answer by IceT The futures and commodities markets are the riskiest.
Question by g-money: Where are you investing in through these tough economic times?
Do you feel like Gold is the only safe investment out there? Right now the US government has lowered the interest to around…oh I don’t know….ZERO!!!
I would think that commodities would go through the roof if the dollar continues to spiral downwards in 2009. Silver is also undervalued and should have a huge upside in comparison to Gold.
Anyways, where are you investing in during these tough economic times?
My chosen answer:
Answer by Igor R Gas companies……….especially in europe, there secure, they’ve the EU’s backup
