(Note that the scales have been adjusted to provide a more dramatic image that would be shown if each started at zero).
...with this clown in office, you can bet his buddy Soros is...
How much to buy?
In what form?
From whom?
Where to keep it?
What is the purpose of having it?
When to sell?
Where will the cash to buy it come from?
A disclaimer...I have gold and silver both as approx 10% of my portfolio. Both bought a long time ago.
I’d say wait for the budget debate to be decided, if Obama “wins” buy all the gold you can afford.
Course not, our massive debt problems will tank our economy and drive gold down to about $700. Buy it then if you must.
If you can’t afford to lose then don’t take the bet!
Mel
Up 150% over the last 5 years, I am not expecting it to go down anytime soon.
Last time it went down was when RR assumed the presidency.
Barring a similar upheaval, I’m not expecting any softening in the gold price.
Gold, schmold!
Two words: pork bellies!
Buy it on August 3.
Better yet, take a short position now.
Here are the 52 week highs and lows for GLD to gold etf.
113.08 - 158.637
7/28/10 - 7/27/11
Quite interesting that the 52 week low was exactly one year ago from the 52 week high set today.
In the past year (as has been the case for decades) the government has spent more than it took in and printed money to make up the difference.
Is there any indication the Democrats or the Republicans are going to do anything different in the coming year?
Basically gold went up $450 this past year. I don’t see anything to stop the rise in gold in the next year.
(Note that the scales have been adjusted to provide a more dramatic image that would be shown if each started at zero).
The best answer is that anyone who think they should own some gold should accumulate it gradually, perhaps on a monthly basis.
I’d advise silver first, which is also easier to buy in smaller quantities.
Best options for small buys are eBay and Gainesville Coins (both of which this Freeper has used).
Gold has been at an all time high for the last three years.
You can never go wrong buying Gold. except when it’s really up .. lots of speculators abound.. Diamonds may be a good buy too.. corn and soybeans too.. :-)
I wonder if, in January, 2009 (when gold was at $900 and silver was at $12.00)people were asking the same question?
I asked the same question when it was at an all time high of 950 and dropped what was left of my 401K. As long as the trend line is up for the past qtr you should expect it to continue.
Pray for America
One can not know whether gold is at an all time high. We only know that gold has recently reached an unprecedented high.
I’d say buy silver. If USA fiscal house gets in order, it may go down, but it is used for many things, and inflation will eventually restore whatever value might be lost.
If things get worse, and a financial collapse happens, a bunch of silver eagles would be better to redeem, than Gold.
I would rather carry a silver eagle worth $40 in my pocket than an oz. of gold @ $1600.00.
——Compared to the dollar and euro, the Swiss franc looks incredibly safe, ——
Last Week or so, John Maudlin reported on a conference in Switzerland. The visit was expensive. A Diet Coke cost him $12!!
Then there is the opposite problem if you own gold, or gold stocks. Should you sell? Is gold at the top? Then if you do sell, what are you going to do with the proceeds? Buy Ammo? : )