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Should I invest in gold as a teen? | Gold Investment Trading Report

Q: Should I invest in gold as a teen?

Hey guys I?m 16 and I have a question for you.

Would gold be a good idea to invest into at my age? (To make money, of course)

www.goldsenze.com Answer:

No. The reason I mention this is gold is only high priced right now because a lot of folks are buying it making the price go up. The reason they are buying it is because of our national (and global) debt. Once there is a signal we really have that under control, the price will drop, and you could loose money. The recession is also fueling higher prices. See all the places wanting to buy gold? They are all short selling it. That means they buy for less than it?s worth, and sell it at higher market prices. At your age, start with a savings account. It won?t pay much at all, but at least your money is safe. Later try talking to some one at Edward Jones or a like broker to buy mutual funds.

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