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Should I buy gold tonight??
jphendren
Posts: 75
I know that there is something going on. Is gold going up on this news or down?
Jared
Jared
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(Just think of city streets clogged with a hundred thousand horses each generating 15 lbs of manure every day...)
Hoard the keys.
Jared
J
siliconvalleycoins.com
in a panic. Get a good nights sleep
and tomorrow, evaluate what is going on.
Get a plan that makes sense and then take
action.( Act in haste, repent at leisure).
Camelot
My guess at the future is that gold will pull back by %5-%15 in the next couple of months. It may go up a bit to make new highs in the next week or two. When it pulls back in a few months it will be a super buying opportunity as it will then climb over $1,500 as the true extent of the currently inflationary surge is realized.
How's that for a very specific guess?
<< <i>Well, I've been watching it since it was in the mid-800's and have been too sissy to act. My wife has been telling me to buy, buy. Now I'm afraid if I don't act tonight, I will lose the opportunity to get on board.
Jared >>
You already got the go ahead from the wife.
just completed 3d tour to Iraq and retired after 28+ years in the US Army
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
I knew it would happen.
Lafayette Grading Set
``https://ebay.us/m/KxolR5
<< <i> Should I buy gold tonight?? >>
Only if you can find someone willing to sell it
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
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SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
<< <i>Well, I've been watching it since it was in the mid-800's and have been too sissy to act. My wife has been telling me to buy, buy. Now I'm afraid if I don't act tonight, I will lose the opportunity to get on board.
Jared >>
Unfortunately, folks such as yourself are often the last on board before the worm turns. Wait and wait, and then boom a big spike up, and then they get in, only to see a sharp reversal and disgust and sell for a loss in a month or two.
That said, it is never a bad time to buy gold for the right reasons. The right reasons being some measure of diversification and insurance against end-of-the-world scenarios. As always best to buy insurance before the hurricane is on the TV news. The current turn of events is about a direct hit from a Cat-3 hurricane. Is there a Cat-5 hurricane about to spawn and come down the pike? No one can say with accuracy, but the price of insurance is a lot higher tonight than it was before hurricane season. After Katrina, New Orleans hasn't even gotten a hurricane warning, and may not see another storm of size for decades.
A lot depends on a person's overall financial situation. If someone has plenty of ready cash in reserve, plus other assets, no problem buying a spot of gold, even at an all time high, even on a 3% up day. If a person is thinking to buy the gold with a credit card, and can't save any money, and is hoping for a quick bump up to get out before the credit card bill comes, no way they should even think about it, until they get their finances in better shape and demonstrate some financial discipline.
No matter if gold goes up or down, one thing that will never change is that on average, folks that seek and take financial advice from public forums such as this one tend to lose money, often lots of money. Why? Because folks that ask these kind of questions tend to take the worst of the advice offered, even if there are nuggets of good information in the mix.
As always, for average folks, buy (and sell) in small increments, get an average price over time and be happy. Only a very few buy at the bottom and/or sell at the top. Those few tend to be extremely skilled at the game, extremely lucky, or liars. Rarely is it ever a good time to be going all in or all out on any class of investments. Especially so for those that seek advice from strangers.
/edits for typos and clarification
<< <i>
<< <i> Should I buy gold tonight?? >>
Only if you can find someone willing to sell it
US MINT is selling UNC eagles in 1oz, 1/2oz, 1/4oz and 1/10 oz for only about $20 over spot!!!
Whoops! double post, sorry
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
"in stock and reserved" caught em sleepin again
<< <i>US MINT is selling UNC eagles in 1oz, 1/2oz, 1/4oz and 1/10 oz for only about $20 over spot!!! >>
Recently though the US Mint's business practice.. although your order will go through tonight ...soon afterwards they will do a correction and say that your order is no longer available. Then they will increase the price on their website.
Jared
<< <i>
<< <i>US MINT is selling UNC eagles in 1oz, 1/2oz, 1/4oz and 1/10 oz for only about $20 over spot!!! >>
Recently though the US Mint's business practice.. although your order will go through tonight ...soon afterwards they will do a correction and say that your order is no longer available. Then they will increase the price on their website.
Well they all say in stock and reserved so lets hope so!
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
<< <i>I just ordered a 1909-S Saint for $1050 and an 1896-S Liberty double eagle for $1085, both NGC certified MS61. I figured if gold dips at least I'll have couple of nice gold coins!!
Jared >>
I think you've made a wise purchase. The good news for those types of Classic coins are if gold does fall you'll start to see $100 over spot again for them on the down side. When gold was $260ish you couldn't buy a graded Saint for less than $400.