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Gold to drop in price

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    PerryHallPerryHall Posts: 47,545 ✭✭✭✭✭
    $1864 image I'm thinking there is going to be a correction coming real soon.

    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

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    MesquiteMesquite Posts: 4,075 ✭✭✭
    Gold bug no longer "just for the crazy people".

    Text
    There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.
    –John Adams, 1826
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    No market ever moves without a correction. Gold will have another. But any drops are buying opportunities. Liquidating major parts of PM holdings at these levels is juts fools gold image
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    jmski52jmski52 Posts: 23,965 ✭✭✭✭✭
    $1,870.80
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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    There has to be a catch to getting rich without lifting a finger.

    --- But I'll take it, I'll take it. image
    Good deals with: goldman86 mkman123 Wingsrule wondercoin segoja Tccuga OKCC LindeDad and others.

    my early American coins & currency: -- http://yankeedoodlecoins.com/
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    ttownttown Posts: 4,472 ✭✭✭


    << <i>There has to be a catch to getting rich without lifting a finger.

    --- But I'll take it, I'll take it. image >>



    Oh there's a catch all right, this won't go without notice and I'm sure we'll be taking VAT tax on PM's soon so those that made money can have it lightened by Uncle Sams grasp........You know it's for the childrenimage
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    PerryHallPerryHall Posts: 47,545 ✭✭✭✭✭


    << <i>

    << <i>There has to be a catch to getting rich without lifting a finger.

    --- But I'll take it, I'll take it. image >>



    Oh there's a catch all right, this won't go without notice and I'm sure we'll be taking VAT tax on PM's soon so those that made money can have it lightened by Uncle Sams grasp........You know it's for the childrenimage >>



    If there is a VAT on PM's, watch transactions be conducted in small quantities on a cash basis.

    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

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    Well i was hoping for a drop back ... but i guess now we can say good bye to 1700 as well ... well might as well just buy another 10 oz and go for the ride
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    ttownttown Posts: 4,472 ✭✭✭


    << <i>Well i was hoping for a drop back ... but i guess now we can say good bye to 1700 as well ... well might as well just buy another 10 oz and go for the ride >>



    IMO it's the worst thing you can do. Average there will be a correction to buy on the dips. Expect wild swings in this phase of the market. Hold back some cash and buy an oz or two every month would be my advise but JMO.

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