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Is $1100 the new $300 for gold

MsMorrisineMsMorrisine Posts: 33,088 ✭✭✭✭✭
in Precious Metals
?
Current maintainer of Stone's Master List of Favorite Websites // My BST transactions

Comments

  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    Wishful thinking, but inflation won't allow that to happen, just like asking: "burger, coke and chips for 50 cents"
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • MsMorrisineMsMorrisine Posts: 33,088 ✭✭✭✭✭
    It might be wishful thinking

    $300 is closer to $0 than $1100

    We've had a bit of support, or resistance from further declines in the $1100-$1200 range

    $1300 hasn't been seen often enough, too.


    I guess this is a tie-in to being range bound. The doldrums of $1100-ish. The doldrums of $300-ish???

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • cohodkcohodk Posts: 19,129 ✭✭✭✭✭
    I believe so. Assets of all classes have been repriced.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • VanHalenVanHalen Posts: 3,993 ✭✭✭✭✭


    << <i> Is $1100 the new $300 for gold? >>



    Still too early to say, but it sure is starting to look that way.
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Sit back and relax.... things will change, and likely in the near future.... Cheers, RickO
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    I was hesitant to add to the stack at $1800. In fact I sold a lot.

    So I don't know if $1100 is the new $300. But I'm much more apt to buy now than I was 2 years ago.
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • OverdateOverdate Posts: 7,008 ✭✭✭✭✭
    When gold was in the $1800s silver was in the $40s.

    In four years, gold has declined by 1/3 and silver has declined by 2/3. Both have stabilized recently.

    Which metal now has the better risk/reward ratio?

    My Adolph A. Weinman signature :)

  • luckybucksluckybucks Posts: 1,318 ✭✭✭
    Great time to buy.

    Silver took a beating, and I feel is the better investment. Silver is more volatile, so I could very well be out to lunch in this one. Gold is IMO at a very good price to buy right now.
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