Gold at $325 per ounce

tjkillian · March 21, 2003 5:41AM

Gold has dropped to about $325 per ounce. How low will it go?

Tom

TWQG · March 21, 2003 5:42AM

$265.24

paigowjohnny · March 21, 2003 5:46AM

$ 285.15

Beautiful coins and jewelry....horrid investment...

keets · March 21, 2003 5:53AM

i find this quite ironic to the point of bordering on humorous. as it climbed to $370/ounce, everyone clamored to buy it and the talk was that when war broke out in Iraq the price would sky-rocket and soon be over $450/ounce. i wondered then as i wonder now why on earth everyone buys gold when the price is high and climbing?? the time to buy was a year ago when it was at $260 and starting to creep up while keeping an eye on what has happened for when it starts it's tumble.

based on the last few years alone----and understanding that i know little about the events which drive the price and even less about investing----it seems a stable price for the long term is anywhere from $290-$315/ounce. much less than that, buy. much more, sell.

al h.

my prediction-------it will fall throughout are adventure in Iraqu and shortly thereafter, only to stabalize close to my above estimate.

quattrocoins · March 21, 2003 5:56AM

All that Iraqi(read saddam) gold about to come on the market.

Shock and Awe!!!

Don

paigowjohnny · March 21, 2003 6:30AM

keets is right....if you're gonna make money in gold (investment, not coins)...you gotta be ready to get in and out fast....

RegistryCoin · March 21, 2003 6:32AM

under $300 - buy
over $350 - sell
ps. repeat.

paigowjohnny · March 21, 2003 6:34AM

I think I'd change your buy number to 285 or so....I can see gold slipping just below 300 and staying for a LOOOONNNGGG time.

wallstreetman · March 21, 2003 6:40AM

I cant complain, I may buy back those $50 Eagles and add to my $20 Gold in the $300 range! I just couldnt get myself to sell the $20 Gold! If you want to play the short term game buy Platinum bars, Platinum swings big in a matter of months, not years! The Platinum coins wont come down as much because of the mintages, more of a long term hold!

Russ · March 21, 2003 6:41AM

<< <i>everyone clamored to buy it and the talk was that when war broke out in Iraq the price would sky-rocket and soon be over $450/ounce >>

Not everybody. I said it was a temporary bump, and would probably go nowhere, just like it has for the last 20 years. Of course, all the "experts" (read: Goldbugs) said I was full of crap.

Russ, NCNE

roadrunner · March 21, 2003 8:32AM

It might be premature to start patting everyone on the back for predicting gold's demise. When the Iraq conflict is complete we will still have the same mess in our economy we started with. Nothing has changed that or will fix it. The gold cartel, FED, and the central banks that constantly manipulate gold got a reprieve with the Iraq conflict. They were on the ropes bleeding and about to be counted out. They did have the physical gold to cover all their short bets.
But they got bailed out on the last bell. Rocky will be back. Let's reopen this conversation down the road a ways.

roadrunner

fantasiize · March 21, 2003 8:35AM

I am with Keets, the time to love, feed and pet the horse is BEFORE it leaves the barn.

Cockney · March 21, 2003 8:52AM

I bought abouit $10K of slabbed eagles. I am holding them for my retirement and hoping that by then I will to too senile to remember what a fool I was.

MrKelso · March 21, 2003 11:14AM

Still buying at current levels on a bi weekly basis.

But then again i have been doing this for 28 years so what else is new

Gold at $325 per ounce

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