Is a time to buy soon?

goingbroke

I noticed gold is selling off at a fast rate today. Is anyone here planning on buying more? and what price would you consider buying at?

MPLunatic

I would say wait, the trend has been that it will come real close to $1000 and dip back down into the $800's. I would say wait at least until $930 ish.

roadrunner

Gold and silver miners are taking a pounding today, and should continue tomorrow. At that point or within a week or so, things should be more ripe for buying including bullion. I don't think this has changed the assault on $1000 that is probably coming in later June. But this will certainly shake out a lot of weak hands who figured they were a lock straight up to $1000+. Once the dollar turns again then off we go. I plan to buy a basket of miners and more generic gold once the pull back wanes.

roadrunner

timcoin

If you are debt free and have the money to buy, then I say buy. Though some may suggest, with inflation likely around the corner, you should ignore your debt at these low interest rates. Platinum, imo, is the best buy at the moment.

BBQnBLUES

Not according to Miss Cleo !!

ProofCollection

The June trading thread would be a good thread to follow as we actively discuss this very topic.

garsmith

If you want to buy high and sell low buy now

If you want to buy low and sell high wait a little bit

OPA

<< <i>I would say wait, the trend has been that it will come real close to $1000 and dip back down into the $800's. I would say wait at least until $930 ish. >>



Now may be the time to start "nibbling" again.

Boom

Gold was a good buy recently ( in the near past).

When it spiked (about the same time silver reached all time highs) many scrambled to buy but
not long after it eclipsed 1K, it started a somewhat downward turn & many small players got real edgy & bailed.

That was a great time to but - A LOT. Hell, I have a tuff time believing that just 5-6 yrs ago Gold could be
purchased in the $300 range. Those that bought at that time are really looking good.

I wouldn't encourage any significant moves at present BUT in the near future my money says Gold
(and other PM) is going to spike again - BIGTIME, so proceed with caution! Should it EVER drop to back
inside $800 - BUY all you can afford without incurring DEBT then just sit & forget.

With financial collapse looming, it's inevitable that Gold makes a BIG move to offset. JMHO, FWIW!

Just remember to diversify - NOT to "put all your eggs in one basket." Take NO unnecessary risks or "gambles"!

Roll with the changes & the times.

jmski52

Yesterday seemed like a good day to buy, so I did:

Today' and yesterday's prices don't matter. The dollar is toast.