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Old 09-28-2007, 10:37 PM
tolbiny tolbiny is offline
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Join Date: Mar 2004
Posts: 7,347
Default Re: Gold and Credit Cards (noob question)

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Gold has more than doubled in the last 6 years and NOW you want to leverage in?

Buy low, sell high.


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Buy high, sell higher is also a viable strategy.

To OP - don't borrow to buy a risky asset. Just park the money in high interest easy access cash accounts.

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If you think the dollar is going to fall further put it in foreign high dividend bearing stocks.
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