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How much has the market for Gold softened

I am getting ready to replace the gold I sold when it was peaking 4 months ago. The prices for AU $3 gold seem to have softened, as well as common Saints. I cannot afford $5 coins, so the gold market open to me seems to have softened across the board.

I wanted to just jump in, but I am thinking the market will continue to soften and I would be better of waiting until January or February.

Aside from the gold bugs who think the market will go to 1000 becasue of..x,y,z, what do the people who collect gold as a hobby think.
Retired United States Mint guy, now working on an Everyman Type Set.

Comments

  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    I think it could be well over $600 again or even $700 by January or February. Then again it has weakened each Feb or March for the past few years. From the soothsayers I tend to read, most feel that $560 is the bottom and has been reached twice already. Once we get a solid close above $600 the fall backs to under $500 may be history. If you go buy the forum majority most feel it will head back to the low 500's or high 400's. Personally, I side with the bottom is already in crowd. The final decision is yours....deal or no deal?

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold

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