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Is it cost-effective to borrow money to speculate in gold?
I'm no expert. But I will be an excellent trader in the future.

Spot investment in gold is a good investment product. It has two high-end. 1.OTC system2. Margin system

My answer to your question is: not cost-effective. Although the interest on your credit card is very, very low.

Investment must be your own spare money. Borrowing money to invest affects the mentality.

Besides, you only have five thousand dollars. Less than 800 dollars. You will definitely choose heavy trading. When the trend is in the wrong direction, it will break out, maybe half a month, maybe a day!

Finally, before investing, I think about 80% of my winning is due to human luck. That's why I dare to borrow money to do it. This is all wet!

When I was still at school, I cheated my family. Made a fake poverty certificate outside, deducted tuition fees and made stocks. The idea at that time was that men couldn't take the courage. The result was tragic, and the family paid the tuition twice ~ ~ ~

So I hope you choose carefully.