Gold to buy or not to buy

Stavros_3

Swallow11 wrote: »

Hi,

Can anyone gve me honest advice on investing in Gold? Thank you

Swallow 11

Yes....
1) Don't listen to Asheron, 95% of his/her posts pertain to the aqusition of Gold, silver or Oil. To the point where he is spamming the forum with 'buy gold'. B4 you even contemplate this step think long and hard. There are peaks and troughs with precious metals, and gold IMHO is at, or very near its peak. There is nothing wrong with having some gold within a balanced portfolio, but think very seriously and research as to when you want to buy

thrupence

sabretoothtigger wrote: »

I would rather buy on dips in the gold price over the next year not the present high.

Even if the trend is substantially upwards the market is never simply up or down without respite or hesistation

Yes, I've been saying that too.....

mike22

cloud_dog wrote: »

Ok, I'm goona swap over on to this thread, now that someone has created a new one; pity people can't just do a search and use an existing thread........ still.........

Da writing is on the wall, its all in black and white (well someone's blog) but all you na sayers will be scrabbling in the dirt for your gold soon - it say so

http://www.safehaven.com/article-12585.htm

Hey, I understood there will be a pullback to $805 in few months, then it will go higher, am I right?

Stavros_3

mike22 wrote: »

Hey, I understood there will be a pullback to $805 in few months, then it will go higher, am I right?

$2,000 an ounce if you listen to Asheron. Be very carefull !!!!

Aegis

mike22 wrote: »

Hey, I understood there will be a pullback to $805 in few months, then it will go higher, am I right?

If any of us knew that for certain we'd be buying and selling at the right time, every time.

uih039

Aegis wrote: »

Do it as part of a balanced portfolio of investments or because you're a full-time commodity investor. Do NOT do it just because it's currently being hyped as a safe place to be: quite simply it isn't. Gold prices fluctuate wildly, and as such it should not be considered as an alternative to cash unless you would also consider putting your money into shares in general as an alternative to keeping a savings balance.

If you're just looking to buy a little as a hedge against inflation, then there are a number of people who will give you advice as to which places are good to buy from.

I totally agree with this post. I really don't understand the hype about gold on this board. It is no better (or worse) than a multitude of other investments. It's impossible to predict whether it will go up or down.

Andrew.

thrupence

mike22 wrote: »

Hey, I understood there will be a pullback to $805 in few months, then it will go higher, am I right?

Maybe, maybe not....

uih039

mike22 wrote: »

Hey, I understood there will be a pullback to $805 in few months, then it will go higher, am I right?

I have no idea and nor do you (or, if you do, would you please let me know next week's lottery numbers :rolleyes:?

mike22

But the report provided by cloud_dog: http://www.safehaven.com/article-12585.htm is based on technical analyst. That's why I asked.

thrupence

uih039 wrote: »

I totally agree with this post. I really don't understand the hype about gold on this board. It is no better (or worse) than a multitude of other investments. It's impossible to predict whether it will go up or down.

Andrew.

That's true. Most of our experience is of individual counties whose currencies collapse and then gold seems a good way of preserving wealth for those living there.

But, those people could also have preserved their wealth by buying investments in other more stable countries and of course that's what many did. Then their wealth would grow, rather than just preserve.

There's loads of history of people's experience when an individual currency collapses, and in recent times. So all you need to do is look at what they did, and what they ought to have done etc. The experience is there.

Of course, if the whole planet collapses in terms of economy, then I don't think gold will be of much use. You'd be wanting productive commodities in those circumstances.