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Almost time to buy!

HalfpenceHalfpence Posts: 462 ✭✭✭✭
in Precious Metals

I’m loving this drop in gold spot. Here’s hoping the floor is much lower!

Comments

  • Downtown1974Downtown1974 Posts: 7,001 ✭✭✭✭✭

    Yea, it would be nice to add some more. Hoping for the 1200ish range. That may be a bit ambitious though.

  • HalfpenceHalfpence Posts: 462 ✭✭✭✭

    @Downtown1974 said:
    Yea, it would be nice to add some more. Hoping for the 1200ish range. That may be a bit ambitious though.

    I hear ya. If it got that low, I suspect there would be a major supply issue (already is).

  • MeltdownMeltdown Posts: 8,990 ✭✭✭✭✭

    Wow, quite the price drop today so far...

    Click on this link to see my ebay listings.

  • crazyhounddogcrazyhounddog Posts: 14,071 ✭✭✭✭✭

    @Meltdown said:
    Wow, quite the price drop today so far...

    I wonder what caused this drop all of a sudden?

    The bitterness of "Poor Quality" is remembered long after the sweetness of low price is forgotten.
  • HalfpenceHalfpence Posts: 462 ✭✭✭✭

    @crazyhounddog said:

    @Meltdown said:
    Wow, quite the price drop today so far...

    I wonder what caused this drop all of a sudden?

    Commentaries seem to indicate that the increase in treasury yield caused the drop.

  • dpooledpoole Posts: 5,940 ✭✭✭✭✭

    Problem is finding anyone to actually sell you gold bullion at this price.


    Here's a warning parable for coin collectors...



  • KliaoKliao Posts: 5,696 ✭✭✭✭✭

    Or at a reasonable premium.

    Collector
    91 Positive BST transactions buying and selling with 56 members and counting!
    instagram.com/klnumismatics

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Money shifts usually do this... a week or two ago, there was a shift to Bitcoin... then that dropped...Now Treasuries... Cheers, RickO

  • blitzdudeblitzdude Posts: 6,603 ✭✭✭✭✭

    20 years ago was the time to buy. THKS!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????

  • GoldenageGoldenage Posts: 3,277 ✭✭✭✭✭

    If you look at the historical chart of gold, it appears that a slowdown was to be expected after it initially hit 2000/oz.
    Perhaps a year or two of zig zagging between 1700-2000 before she heads higher.

    I would be absolutely shocked if we see 1600/oz, let alone 1200.

  • alexercaalexerca Posts: 272 ✭✭✭

    I would buy 50 at $1200 that would help the 25 I bought at $1900! But then again I bought a bunch at $600- $1200 before. Dollar cost averaging I guess! I guess I just don't like the stock market or financial advisors! I am in for the long haul! Good thing I own property in Idaho! Hahahahaha

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