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Thread: Is it worth investing in gold now cash savings interest rates are down, stocks & shares falling

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    Senior Member DealDude's Avatar
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    Is it worth investing in gold now cash savings interest rates are down, stocks & shares falling

    I was just about to start investing in the stock market as a cash term deposit I have matures at the end of August and now all the stock markets around the world are starting to fall on the mess that's happening in Syria and I remember reading that when something like this happens the best thing to do is move into Gold or even silver, is that right?



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    Gav
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    Hey DealDude, I've not really been keeping up with trading and the share market of late... Not since using all my money for my house and a small safety amount in an instant access cash savings account just in case of problems.

    However, like everyone I've seen the news and what a mess in Syria, can't believe anyone could do that to another human and I wonder what impact it's had on the wildlife in the area too.

    For your question, when I studied economics and commerce we were always told that in the event of a crisis gold was the safe bet. But I can't guarantee that and it's always tough to know!

    I had a quick trawl of the news websites and noticed gold has already increased in price and stocks and shares have indeed fell, from:
    Gold stocks no safe haven

    Gold stocks no safe haven
    More than $18 billion was wiped off Australian shares in morning trade.

    ---
    With that sort of money being wiped off the stock exchange it would suggest people have lost confidence and more than likely won't regain it until there's a firm action on what America or the UN are going to do over Syria, I'd guess that stocks and shares may start to increase then.

    It's a very tough one. I wish I could be of more help!

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    Senior Member DealDude's Avatar
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    Have to get to work now will have a read when I have time later tonight. Thank you for the response.


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