Question:
where can i buy some gold or national debt to maintain value. for example,i can buy/sell qqqq at etrade. what is the trading symbol for gold or national debt?? thanks
Answers:
Buying gold on the stock exchange is often not gold at all but investment in gold mine operations--some have not produced an ounce of gold in years. Gold is a highly speculative investment. If it was me, I would buy gold coins--the real thing.
National debt investment can be profitable if you buy at the correct time(30 year bonds), but one really needs to be savy in these type of investments.
Consider purchasing a few inexpensive books on investments before you jump in or hear the sales pitch of brokers.
Commodites market is high high risk, this market is almost like gambling.
I include a few links to books that maybe helpful. I have no assoication with the books or anyone that sells them.
buying "EE" or "I" savings bonds help offset the US National Debt in theory, though in my personal opinion, it just makes ot worse, cuz the bonds, at maturity end up paying you, the bondholder your investment, PLUS interest.. and the interest they pay out on the bonds, is more than the interest they saved paying out due to ur investment.
I.E. (just go with the numbers, cuz they're easy to visualize, though very off)
you buy a $50 bond
in 10 years, they give you $100 for the bond.
The $50 investment u made, reduced the national debt by $50, right? well, that'll save them about 3.00 in interest, per year. x 10 years, saves them a total of $30, but they just gave u $50 in interest .. so in actuality, ur bond just COST the nation, another $20 over the course of 10 years.
Anyway, i hope my answer helped. I'd love the 10 points.
Don't do either speculative move. Instead, invest in quality mutual funds with proven track records.
Felix - Yikes! EE savings bonds are about the worst investments you could make. Have you calculated the interest on those? Invest in a CD or a mutual fund. Or a money market.
I perfer the lower expenses with ETF's than in Mutual Funds especially in commodities and fixed income. For Gold GLD is the popular ticker symbold (and I did own it last year) and for fixed income AGG is good, Tip is another but I am taking a serious look at a new kid in town IPE.
There are plenty of gold plays in both ETF's and stocks. be wary.
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