Gold - Who Thinks It Will Not Go Higher

mike22

cloud_dog wrote: »

My only concern is figuring out my exit strategy.

I'd say hold it as much as you can.

nzseries1

thrupence wrote: »

The good thing about the gold price going down is that it offers you the opportunity to buy it more cheaply at a future stage.

Ummmmm..... are you saying that if the price goes down, you can buy it cheaper? Doesn't that apply to everything in the entire world?

mw2655

i think gold's got a very good chance of holding it's value...

but the paper currencies eg £/$ will go down..

so yes gold will be worth "more" but mainly because the £ will
be worth less.

cheers matt.

thrupence

nzseries1 wrote: »

Ummmmm..... are you saying that if the price goes down, you can buy it cheaper? Doesn't that apply to everything in the entire world?

Sure does. But in contrast to all the recent buy gold now threads I'm indicating that I think it will go down and that now is not the time to buy.

Equity investors have to be kicked more than once before abject pessimism is the order of the day....

stv1x

thrupence wrote: »

Sure does. But in contrast to all the recent buy gold now threads I'm indicating that I think it will go down and that now is not the time to buy.

Everything I've been reading seems to indicate the opposite so I'd be interested to know why you 'think' it will go down.

thrupence

stv1x wrote: »

Everything I've been reading seems to indicate the opposite so I'd be interested to know why you 'think' it will go down.

What you're reading is telling you that it will go up over time.

What I'm "thinking" is that it will firstly go down and therefore offer a better buying opportunity.

I think this because people aren't pessimistic enough yet.

wombat42_2

The majority view is that gold will do very well over the next year or two, maybe better than almost anything else. But like everything in life nothing is certain and there is a minority view that gold will tank.

cloud_dog

Posted this on one of the other Gold threads (funnily enough)..........

http://www.kitco.com/ind/Hommelberg/feb062009.html

I like the article not because it says gold will go higher but because of all the valid information it provides to argue why.

Its also interesting to look at the various charts of Gold in different currencies, all of which are making new highs except............... USD........... Hmmmm, I feel a conspiracy

Would agree with thrupence though, I epxect a pullback before it reaches for those highs.

cloud_dog

patrea

Where is the best place to buy gold, at the best price?

trenchwars

patrea wrote: »

Where is the best place to buy gold, at the best price?

Personally I like http://www.coininvestdirect.com/main.php