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With gold at an all time high...

ajmanajman Posts: 1,359 ✭✭✭
in Precious Metals
should I still try to buy at these price levels? How high do you think it will go this year? Will we ever see gold at below $1500/oz.?
Beer is Proof that God loves us and wants us to be happy -Benjamin Franklin-

Comments

  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    I'm expecting a nice dip come summer, but I see much higher prices long term. Every purchase I made from $200 to $1400 seemed like it could be a mistake, but it wasn't.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    should I still try to buy at these price levels?

    That really does depend on your personal situation and your current exposure to precious metals.

    How high do you think it will go this year?

    I think we will hit $1,800 this year, but it won't affect me if it doesn't.

    Will we ever see gold at below $1500/oz.?

    I think so, but I don't think it will be that low on Dec. 31st.


    Now - I'd like to hear your own answers to those questions.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • FullCameoFullCameo Posts: 492
    At one point Palladium was on a nice run, silver and gold were putting along. Now silver is on a nice run, palladium and gold are putting along. Perhaps gold's run is just around the corner.
  • goingbrokegoingbroke Posts: 1,410


    << <i>At one point Palladium was on a nice run, silver and gold were putting along. Now silver is on a nice run, palladium and gold are putting along. Perhaps gold's run is just around the corner. >>

    I agree!
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