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<blockquote data-quote="Rmsanger" data-source="post: 846062" data-attributes="member: 544424"><p>Investing in gold is about like investing in a commodity, the risk of depreciation is low yet the annual return over the life of the investment is low as well. Gold tends to perform much better when the stock market is down because it is a substitute for equity investments.&nbsp; Right now isn&#039;t the greatest time to be getting into gold just as it isn&#039;t a great time to be getting into the real estate market. If I were you (depending on your age and how long you can invest this money) I would open a traditional IRA account for (tax deductions) or even better a Roth IRA (which is taxed on the way in rather than on the way out). You could put in $50 a month or even $50 a year if you want. Most of all the money I save goes into a Vanguard Small Cap. Equity growth fund and then when I&#039;m about 45-50 depending on the market I&#039;m going to transfer it into a large cap. value fund. I&#039;ve had it open since I was 15 (now 22) and if I keep putting in 3k a year until I&#039;m 30 it should be worth over 2 mill by the time I&#039;m ready to retire. Gotta love compounding!</p></blockquote><p></p>

[QUOTE="Rmsanger, post: 846062, member: 544424"] Investing in gold is about like investing in a commodity, the risk of depreciation is low yet the annual return over the life of the investment is low as well. Gold tends to perform much better when the stock market is down because it is a substitute for equity investments. Right now isn't the greatest time to be getting into gold just as it isn't a great time to be getting into the real estate market. If I were you (depending on your age and how long you can invest this money) I would open a traditional IRA account for (tax deductions) or even better a Roth IRA (which is taxed on the way in rather than on the way out). You could put in $50 a month or even $50 a year if you want. Most of all the money I save goes into a Vanguard Small Cap. Equity growth fund and then when I'm about 45-50 depending on the market I'm going to transfer it into a large cap. value fund. I've had it open since I was 15 (now 22) and if I keep putting in 3k a year until I'm 30 it should be worth over 2 mill by the time I'm ready to retire. Gotta love compounding! [/QUOTE]

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