Yes another Gold Thread but this time its different!!

mini_lidi

I want it to settle the Economy, so people will sell all there gold giving me the chance to snap it up on the cheap

Ps. Just opened an ISA and a saving account with Halifax, so not chancing it this time

Masomnia

http://www.bullionvault.com/gold-price-chart.do

Click on the 'period' option and select 20 years, you'll see just how high gold is now, and how much lower it could go.

When it goes back down, that is maybe the time to invest some of your capital.

kingmonkey

Gold is soo boring. Where is the income?

Masomnia

kingmonkey wrote: »

Gold is soo boring. Where is the income?

Best argument yet.

mini_lidi

Thats interesting cheers
soo hopefully it will go back down to $300=$400an ounce!
then i shall invest, untill then ISA's will have to do!

cloud_dog

mini_lidi wrote: »

Thats interesting cheers
soo hopefully it will go back down to $300=$400an ounce!
then i shall invest, untill then ISA's will have to do!

Mini, I'm not sure I can take you seriously anymore

If you want to get in to investing then start doing all those wonderful things that posters have recommended, i.e. research, run virtual investments, read up, etc, etc. There's always another opportunity further down the road.

If gold were to drop to $300-$400 whats to say it will go back up again or in what timescales. The reason gold is rising today is because of demand, if there's little/no demand then it aint going up.

Off topic..........Just on a gold TA note........... the price chart it is at or near to the top edge of a possible 'flag' which may mean a retracement to mid-$800. This would be nice as it would give a more solid base to a rise and would cement the continuation pattern to increase.

Having said this the Au price has recently broken a number of short-term resistance levels with some ease and so it might just blow up to the all-time high again ($1030ish). From here it may retrace and enter a trading range until it has consolidated and built a significant base again.

Of course this could all be 'borracks', time will tell.............

[Deleted User]

kingmonkey wrote: »

Gold is soo boring. Where is the income?

Gold is only "boring" if you didn't buy some years ago, like me!:D

evenasus

kingmonkey wrote: »

Why not start a thread on wheat next?

Shush, he might.
60 posts in just under three days.
11 threads started by him.

Methinks, he just likes posting. :rolleyes:

purch

Yes another Gold Thread but this time its different!!

Except that this time it's not different !!!!

mini_lidi

maybe im addicted to the site!!