Can investing in gold make a lot of profit?

[Arwhank]

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

 

[Joshua Farrell]

In the long term? I believe so, as gold tends to hold value better than some other items, though the price does fluctuate.

 

[Aditboy53]

I think so, because gold is a valuable item that is always in demand in most industries. Moreover, the price of gold tends to increase from year to year in line with uncertain global economic conditions and the Corona pandemic making precious metals an asset.

 

[Vladv26]

Investment in gold could definitely make you profit but it's hard to get rich out of this. Gold price is a more stable investment meaning it is pretty hard to make big profits out of it

 

[WhiteHouse]

Yes, gold is a good investment. But to really profit from it you need to be patient and allow the gold to appreciate over time.

 

[greenie]

in the short term you did not expect to make a profit but in the long term, yes, you can have a nice profit.

 

[Nurudeen]

Investing your money in gold still remains one of the best investment to go into. Meanwhile, you need to know that more people are pulling out of gold investment and going into crypto currency exchange Business which is now making the value of gold to pull down

 

[MRizwan530]

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

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 to get a good benefit.
Also remember there is no option that gold price will be decreased so it will must increase but one cannot save how much it will be increased.

 

[Ralphjoe]

Gold is a very good and safe way to invest, its quite stable unlike cryptocurrency like Bitcoin that is so volatile in nature.
If you are looking for a safe and gradual earning investment, then investing in Gold is your best bet.

 

[Sincerem]

You can make profit through gold when you hold it for a long time. Gold is a valued natural resource, a valuable asset like the way Bitcoin is. The price of gold fluctuate, depends on the demand and supply. If the supply becomes high, that as well can boost the price tag to accumulate interest for those holding it.

 

[Naz Noshin]

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

Yes Investment in gold is really good. The price of gold is going up and you can invest in it. But make sure buy gold in good rates from reputed shops.

 

[Farhan Aslam]

Yes Gold is a great and profitable business because it keeps fluctuating, so there are more chances of profit in it That's why I recommend on the business of gold in most business.

Buying and selling gold plays an important role in saving your money۔ If the value of gold increases in the future, this business will not be bad. But if it doesn't cost much, do something that will benefit you in the future.

 

[Alexandoy]

I know of some rich people who invest in gold and one of them is my uncle. Gold is a stable commodity when it comes to value but the appreciation of the value is slow and not high yielding. The advantage of the gold, according to my uncle, is that it will remain valuable even when the government falls down like what happened in Vietnam in the 1970s. However, only the rich can buy gold because the ingots are costly.

 

[Presido]

I can't really say much about gold investment and business because i don't know about them and I don't have anyone that is into this business, but I think it should be profitable just that I don't know how profitable it is?

 

[Salma tahir]

In general, gold reserves are more attractive to developing investors than to income earners. Gold reserves usually rise and fall with the price of gold, but there are well-organized mining companies that are profitable despite the low price of gold. An increase in the price of gold often leads to an increase in the price of gold stocks.

 

[Shamila Asif]

i think it should be profitable because gold is valuable item.if you can invest in gold it must be benefit you.

 

[Abibatabosede]

Yes, investing in gold is very lucrative as far as you are not in haste to get profit.The more the value of money rise the more you get profit.

 

[Naz Noshin]

For make profit urgently you should invest in cryptocurrency it is very good option in these days. Many people are investing in btc and eth and they are earning when price is deflected

Yes but Investment in gold is not bad.Specially for women . Because women can buy gold jewelry in different designs and they can use it in daily life or can use in special occasions. In this way they ll get benefits in two ways.

 

[Sariana23]

Yes, I am completely sure that investing in gold can generate great returns, I say that with certainty since I know people who made this investment a while ago and then they were able to generate their profits in a substantial way, which was more than double. The gains can be medium or long term depending on the rise that the gold may have

 

[Dubai]

Yes, Investment in gold can yield lots of profit when it is heavily invested in. The value most often appreciates so once you could get a few ounce of karats then you should derive benefits.