Gleam is gone as gold prices sink to 4-year low

AP/Excite ^ | 11/6/14 | MATTHEW CRAFT

[umpqua]

Inflation remains tame, the dollar looks strong and Americans are increasingly confident. Even fears that the Federal Reserve would set off another financial crisis have faded as the central bank ends its effort to pump money into the economy. In short, all of the reasons for buying gold over recent years have disappeared, helping to drive prices for the metal to a four-year low.

[2ndDivisionVet]

Translation: Time to buy gold.

[blam]

[jacquej]

Didn’t someone once say “Buy low, sell high?

The chinese are buying hand over fist - just saying...

[MNDude]

Darn! At first I thought it said “Glenn is gone, as Goldline sinks”

[rainee]

My husbands uncle said good time to buy..
Wondering if it’s time we get in game?

[Calvin Locke]

I thought it was about the toothpaste, at first. Then I thought it was going to be about Obola.

Oh well.

[The Ghost of FReepers Past]

Look at the long term historical rise and fall of prices before you decide.

[rainee]

Ok, thansk for the advice :)

[MrB]

Do not use PMs as investments.

Gold is a preserver of wealth in time of currency devaluation/destruction.

If you don’t need some of your cash, converting it to gold might be a good idea now, but only after you’ve taken care of your other needs looking forward to a currency crash.

[Blood of Tyrants]

No, they are predicting gold to keep falling for the next couple of years. Time to SELL gold.

[eyeamok]

“If you’re not as scared anymore, you might be fine putting some money in the stock market,” Paulsen says. “It’s all about fear turning to greed.”

Didn’t take far to find the truth, with QE supposedly ending, they need all the suckers they can before they crash it all down again and fleece the public. There wouldn’t be any manipulation going now would there? nah not from wall street.

[Blood of Tyrants]

In certain political circles, people were advised to stock up on gold, guns and ammunition, Gabriel notes. "From an investment perspective, they would have been better off just buying the guns and ammo."

Got the guns and ammo covered.

[Prophet2520]

Does this look low to you? from http://inflationdata.com/inflation/Inflation_Rate/Gold_Inflation.asp
adult image

[Obama_Is_Sabotaging_America]

...and silver is DIRT CHEAP right now at $15.50/oz.

[Kirkwood]

You think it is time to sell gold? LOL... I’ll buy your gold.

[Kirkwood]

I was try to buy silver a couple weeks ago and it is scarce. Hard to find anyone selling around here.

[Dr. Sivana]

Gleem is NOT gone. I just picked some up at Dollar Tree. It is next to the Pepsodent.

[smokingfrog]

Let me know when it gets down to $700.

[Obama_Is_Sabotaging_America]

Apmex.com, based in Oklahoma is your best friend.