a down hill slide on gold..........are you worried or happy?? and why?
michael
Posts: 9,524 ✭✭
maybe you are buying more or currently a net seller??
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I'm holding for now...I probably would have been a seller soon if the price held up. (other priorities)
numismatic/mintage value enhances the barbaric relic.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
As the value of the dollar erodes over the next few years gold will hit $1k/oz., not a ? of if, but when?
Oil and gold have started the disconnect. Oil is down because terror premium is, well, no longer a premium. Terror is a way of life simply put. So no premium. As the world economies slow, so will consumption of oil. Oil down, way down to 48-50/bbl barring any craziness around the world.
Gold is still hated hated hated by the investment pros. But guess what, they don't count and many have never lived in a high inflation environment. Also, promoting gold does not serve them in the slightest, supplies are too thin.
I'll be worried about gold when Time, Newsweek, Businessweek, etc. and idiots like Suzie Orman start telling everyone they need to own some gold. That's when it will be time to sell!
[beep beep beep] sound of my Ford Pinto backing up to Ye Olde Golde Rush Shoppe on Main St. in Mytown, USA.
TorinoCobra71