Anonymous
Anonymous asked in Business & FinanceInvesting · 1 year ago

Is it possible to go bankrupt investing in Gold?

Gold seem to go up in value each year so how can anyone go bankrupt? Seems to be stable investment!

12 Answers

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  • Anonymous
    1 year ago
    Favorite Answer

    Highly unlikely to go broke as gold is a precious metal and has been in demand for thousands of years.

  • 1 year ago

    Gold isn't an investment, its a hedge against inflation to protect your investments. You buy gold to keep you from losing your shorts in the event of run away inflation, but your actually hoping that inflation stays away and your real investments do well. If you don't already have a sizable diversified portfolio of other investments, you don't need gold.

  • Kate
    Lv 7
    1 year ago

    The market value of gold can go up and down on a whim depending on demand. Not a good idea to rely on this alone.

    • it's not depend on demand and supply its depend on share market
      http://sagesoftwares.com

  • 1 year ago

    LMOA,

    today its 1250 an ounce,

    in 2012 it was 1900 an ounce.

    form 1980 to the year 2000 the price went up barely at all.

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  • 1 year ago

    Yes. It does not go up in value each year. It goes up some years and down other years. It is not a stable investment.

  • Anonymous
    1 year ago

    Gold is not a stable investment, nor does it continually go up.

    Gold goes up and down but it never really goes anywhere.

  • Rick
    Lv 4
    1 year ago

    Gold has gone down in value the past few years, many investors have lost value.

  • 1 year ago

    In 2013, Gold lost over 27% of its value.

  • Anonymous
    1 year ago

    Only if you use gold to buy gold.

  • 1 year ago

    anything is possible

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