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Time to Buy Gold?

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  • Mistermeaner
    Mistermeaner Posts: 3,019 Forumite
    Part of the Furniture 1,000 Posts
    panpoul wrote: »
    I was also thinking to buy some gold but i think that i should wait a little more..

    Yes. Maybe 100+ years
    Left is never right but I always am.
  • atush
    atush Posts: 18,731 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Or at least until the next global major catastrophe
  • Mistermeaner
    Mistermeaner Posts: 3,019 Forumite
    Part of the Furniture 1,000 Posts
    atush wrote: »
    Or at least until the next global major catastrophe

    Surely just before the catastrophe?
    Left is never right but I always am.
  • Malthusian
    Malthusian Posts: 11,055 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    The last major global catastrophe by my understanding of all three words was World War II, and if you bought gold either just before or during that catastrophe you'd have waited nearly 30 years to see any profit (and much longer to see any real return).

    No, stock market crashes don't count as a major catastrophe, they're part of life.
  • atush
    atush Posts: 18,731 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Mistermeaner wrote: »
    Surely just before the catastrophe?


    you have a crystal ball then? ;)

    But really, for me, the only time to buy gold is when no one else wants to. Which was when I did.
  • grey_gym_sock
    grey_gym_sock Posts: 4,508 Forumite
    atush wrote: »
    you have a crystal ball then? ;)

    But really, for me, the only time to buy gold is when no one else wants to. Which was when I did.

    everybody wants a crystal ball.

    so this is clearly the wrong time to buy one :)
  • badger09
    badger09 Posts: 11,575 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    panpoul wrote: »
    I was also thinking to buy some gold but i think that i should wait a little more..

    How long do you think you should wait? Long enough to be able to post some links perhaps:cool:
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