I'm a newbie in gold investments. Wanting to hedge myself against inflation, I sunk a lot (actually most) of my savings in UOB's gold investment acc when price was at 179.00 last month. Now prices drop like mad. If you were in this position would u exit or hold? Just need some opinion, thanks.

Thanks. I needed to hear that.

If fiat money is 100% risk while gold has no risk relatively speaking, and this fact is appreciated across the board, then how come investors are dumping gold for fiat money (esp usd) these few weeks? Of late the trust in fiat seem to be bigger than trust in gold and getting stronger, even though people know the usd is just paper. Any guesses why? Can the euro's problems really affect the value of gold? I just don't understand it. (Sorry I'm new to this gold thingy...)

If one's holding power is less than 8 years, say only 2 years max, would gold be a bad investment compared to fiat, say Aud or Sgd? I mean as an inflationary hedge.



This post has been edited by thumbwrap: Dec 14 2011, 12:27 PM