What The Hell, A New Gold Thread.........

mini_lidi

so would u buy now or tooo late?
and surely once the economy is ok again the price will drop when everyone starts sellin?

cloud_dog

sabretoothtigger wrote: »

So you didnt sell it previously when it 1000 but thats a good price now, surely its more justified today then it was then

I missed the previous high and then psychology got the better of me.

This time I'm trying to be more pragmatic.

* Gold has had a huge mini-bull over the last 3 months (or so)
* Its reaching its recent highs without pausing for much breath
* A bird in the hand is worth two in the bush
* I've left a 1/3rd on the table

I call it prudent, and don't confuse a correction or pullback as the end of the gold bull.

There's no point investing unless you have an exit strategy, and as I've stated I will go back in at some point.

Edit: And just to put it in to some sort of perspective, my daughters CTF has basically expereinced the equivillent of 14 years growth in a savings account (based on 5%) in two and a half years.

cloud_dog

mini_lidi

sooo i should wait till it drops then invest for the long run?

cloud_dog

mini_lidi wrote: »

so would u buy now or tooo late?
and surely once the economy is ok again the price will drop when everyone starts sellin?

Mini, I cannot foretell the future and if Gold continues to skyrocket from here then I will have lost out as well but............... I think your youth is betraying you.

Have some patience, or if you feel that strongly invest - your choice no one can (or should) tell you what to invest in or when.

Edit:

mini_lidi wrote: »

sooo i should wait till it drops then invest for the long run?

Mini, no one is going to be able to give you the answer you want. If you are unsure of what to do then maybe your inner self is actually giving you a hint.

mike22

cloud_dog wrote: »

If this is the case then the correction could be 10-15% or 25-30%.

Based on what these percentages?

Stavros_3

mini_lidi wrote: »

sooo i should wait till it drops then invest for the long run?

How much are you willing to invest young-gun?

mini_lidi

Well i cant really invest anywhere till im 18, so ISA's it is for me atm, but i have a feeling in Oil? soo maybe for the future!

Stavros_3

No offence intended, but until you enter that scary world of 18+, and reading your constant "Is gold worth a punt" comments, may I respectfully suggest you stick with the National Lottery or scratch cards.

mini_lidi

Bit harsh but fair comment

Stavros_3

I thank-you. It wasn't meant to give you a kicking, but politely putting a bit of reality in your direction. There's an old story a mentor told me as a young-un many years ago, it goes sommat like this.......
A young bull is in a field and sees a big herd of female cows grazing, he turns to the older wiser bull and says "Lets run down the hill and S**g one or 2 cows, the older but wiser Bull, turns to the 'young-un and says, "Nay lad, we'll walk down and S**g them all".