Generic Gold questions...
Carterofmars
Posts: 75 ✭✭✭
Do any of you guys play generic gold? Some are predicting 2500 spot by years end.
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Carterofmars
Posts: 75 ✭✭✭
Comments
Predictions don't cost anything and that is exactly what they are worth.
When can get good deal I acquire them.
If you think gold is going up within the year, buy paper gold as it is more efficient: tighter bid/ask spreads.
If gold went to $2500 in the next 6 months, that's only about 8% from where we are now. The buy/ sell spread in physical gold will cost you about half of that. So even IF gold hits $2500, you'll only make 4% (8% APR) which is no giant windfall for the risk.
People who stack physical gold are not generally trying to flip it for short term gains.
IMHO