Can investing in gold make a lot of profit?

[Seun4luv]

It is very good to invest in gold. And investing in gold is lucrative and profitable. Gold is priceless and a good substance.

 

[vest1992]

Stable profit, yes, but a lot of profit I don t see how, the price of gold doesn t grow with a boom, it goes smoothly up as it went since I was born. Maybe it will grow in the future if the fiat currency will change.

 

[Ridorz]

Gold is good and profitable to invest on. But it's just doing with time because who invested on gold would exercise patience before he/she can earn from it.

 

[Aqsa Shahid]

Yes of course . If you invest in gold for long term and you have more amount to invest in gold then definitely you can earn alot of profit in future, because gold is also getting progress like cryptocurrencies.

 

[Naz Noshin]

Yes of course . If you invest in gold for long term and you have more amount to invest in gold then definitely you can earn alot of profit in future, because gold is also getting progress like cryptocurrencies.

Yes I am agreed with you. Gold is becoming more expensive mental day by day,just like bitcoin is becoming expensive cryptocurrency. So if a person is interested to invest in gold then he ll get benefits in future. But he must invest for long term .

 

[Neel Dan]

There is no doubt that gold is precious. And of course it is profitable because price of gold is not stabled. It goes up and down but these days it's price is going up. So you can invest in it.

 

[Ehizzy1]

Yeah investing in gold would fetch you a lot of profit , i think you just have to invest at the right time and study the price movement i think

 

[Adegbindin Abdullahi]

The easiest way to put your money in gold is to buy gold bars,coins or jewelry. Although this method might seem easy,there's a higher risk of losing your investment. To make a profit off the precious metal,you need to have a reasonable expectation that your gold can be sold for more than you paid for it

 

[Ibrahim]

Oh yes investing into gold will surely get you more than the profits you think off and the business is okay than what you think off, gold has also taken over the market and it's really moving and people still keeps buying to keep money somewhere

 

[Greatguy1]

In 2020 cryptocurrencies outpaced investing in commodities like Gold but this year Gold is forecasted to do better as the cryptocurrencies market is oversaturated. Gold is also a viable and more realistic investment unlike cryptocurrencies. Gold is a safe haven or what we can term a base investment. It is used by countries and economies as a safe haven against the fall of currencies like dollars and euros. The major issue is knowing when to buy or sell. Invest in Gold you are safe.

 

[Shahid Abbas]

I plan to invest in gold. Can investment in gold be profitable?

Of course, a lot of profit can earn from investing in gold, but I think the best option is cryptocurrency, if you invest same amount invest in crypto then you can get a lot of profit if you trade in cryptocurrency with investment.

 

[Richmond funke abosede]

Gold stocks are typically more appealing to growth investors than to income investors. Gold stocks generally rise and fall with the price of gold, but there are well-managed mining companies that are profitable even when the price of gold is down. Increases in the price of gold are often magnified in gold stock prices.

 

[Adetayo100]

Gold stocks generally rise and fall with the price of gold, but there are well-managed mining companies that are profitable even when the price of gold is down. Increases in the price of gold are often magnified in gold stock prices

 

[Kehinde]

Gold can be a profitable investment when all others fail. If you are concerned about inflation or the devaluation of your country's currency, you may want to add gold to your portfolio. ... As tempting as it may be to buy a lot of gold in a struggling economy, try not to get carried away.

 

[Adventurer]

I plan to invest in gold. Can investment in gold be profitable?

Yes it can, I consider gold like Bitcoin and Foreign Exchange in the sense that they are unstable, there are times it will appreciate and times it will depreciate, if you have some spare cash and don't mind risk taking go ahead!

 

[mubinadaddy]

If you really want to venture into gold business you need to study how gold investment work first then after that you can now decide either to go into the investment either long-term or short term, but for me I will advice you to go into it in long-term cause it does hold value when investing in a long-term and make sure to expand your horizons.

 

[idhans]

I plan to invest in gold. Can investment in gold be profitable?

I plan to invest in gold. Can investment in gold be profitable?

Gold is one of the most valuable commodity, and trading in gold can fetch you lots of money. It's advisable you buy gold when the prices are very low, and hold it in the long term. You can also lose money as well trading gold if you don't know your ways.

 

[Abbas ali]

The reason is that gold does not actually produce anything or create any value. ... Unlike equity or bonds or bank deposits, the money that you invest in gold does not contribute to economic growth. The same amount of money put into a good business or any other productive economic activity will create wealth

 

[Emma Aneni]

I am remembering the gold price was half of price now about 5 years ago.
So according to my opinion is it it is best if you are investing in gold but you have to wait for minimum 10 years or so to get a good benefit.

 

[kayode10]

I plan to invest in gold. Can investment in gold be profitable?

It is possible to invest in gold and make a lot of money. The reason is that gold is one of the rarest commodities in the world. They scares to see and to get. and this make it more valuable than most of the commodity we have today. So if you have some cash staying idle in your savings account, you can easily investing in gold and you are going to reap a high return on investment in few years.