not "supposed" to huh? Based on what? Not too long ago financial analysts and billionnaires were telling us it'll pass $2k towards the end of 2012 and go past $3k in 2013 lol ... nobody predicted such a massive drop in such a short amount of time.
Where are all the gold investors?
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not "supposed" to huh? Based on what? Not too long ago financial analysts and billionnaires were telling us it'll pass $2k towards the end of 2012 and go past $3k in 2013 lol ... nobody predicted such a massive drop in such a short amount of time.
This is a buying opportunity. My timeframe is 5 to 10 years out, though. Federal debt + Obamacare + unfunded liabilities + trillion dollar deficits + rising interest rates = win for gold.
After this recent sell off, I am expecting a bounce back to about 1300 before the next leg down to the 1100 levels.
If I were looking to buy, there wouldn't be a better place than the nice round print of 1,000.
On the other hand, if Gold recovers from here, I would look to be buying back in at over 1450. That would show more certainty on the rebound.
I know someone that purchased $75,000 in GDX CALLS (Gold Miner ETF), 1 year expiration last August when gold was rallying. During that time GDX was priced at above $50...now at half that value. His calls cannot be looking too good right now..probably 80% loss of value.
sooner or later gold will always raise in price because its resources are not endless.
i treat is as long term investemtn and backup. not forex with bu yand sell fast.
i treat is as long term investemtn and backup. not forex with bu yand sell fast.
Well, the whole idea of holding gold as insurance is that you'd have a relatively small percentage or your net worth (traditionally around 10%) in gold to offset the risk of calamities of one kind or another.
If you want to invest more aggressively, then it behooves you to pay some kind of attention to macro trends and have some idea what the fuck you're doing.
Or, you could just buy and hold the stock market like most people do. What could possibly go wrong?
How is gold an investment.
At best it should be a tool to beat inflation. (short term)
But after all the hype and gold buying commertials wasn't the price just manipulated up. Supply and Demand Theory.
Its not like gold actually does anything. Its just a metal.
At best it should be a tool to beat inflation. (short term)
But after all the hype and gold buying commertials wasn't the price just manipulated up. Supply and Demand Theory.
Its not like gold actually does anything. Its just a metal.
According to me every commodity has a cycle...
Gold had its dream run, but now ultimately seems to be topping out..
Looking at the global scenario and the way it should logically be, does not seem to gain more momentum and go upto $2000..
Would rather be in a consolidation phase from now on.
Gold had its dream run, but now ultimately seems to be topping out..
Looking at the global scenario and the way it should logically be, does not seem to gain more momentum and go upto $2000..
Would rather be in a consolidation phase from now on.
