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What will happen to my money if the value of gold goes down???

I am disabled and on a very tight fixed income, however I have about $4,000 in savings and am interested in investing it in gold, but I don't even know the first place to start.  My first question is if I DO buy a little gold, what happens to my money/investment if the value/price goes down?  Someone told me if I leave it alone, don't touch it and don't sell, my money won't be 'lost' as long as I sit it out until the price/value goes back up and THEN I can sell it and gain a profit.  Is this true?  Thanks SO much and I hope to get plenty of input on this! 


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189 helpful answers

Instant Person-Just add coffee.

If you are on a tight income, why would you take a chance on gold?  What would happen if you had an emergency happen where you would need your money, and it was at a point in time where gold values were low?  My opinion on investing in anything is, if you can't afford to lose it, don't invest it.  Times are too unstable at this point.

Posted 2009-09-06T17:26:09Z

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