Posted on 05/02/2010 6:35:20 PM PDT by Jet Jaguar
I have some gold and my average buy price is around $600. That includes a bit at $280 or so.
Bought gold when it was in the high $300.00 low $400.00 range. Not a bad investment, except I should have bought a lot more at that price level. :o)
Goldbug Ping
FWIW, I myself will be lightening up just short of $1200 gold. I KNOW it ain’t gonna go straight to new highs, and except for the Goldman Sachs stumble, it’s been on a rampage for over a month. Time for a little “consolidation” IMO.
Mail me to get on or off the Free Republic Goldbug Ping List.
Gold has been moving within the range of $1070 and $1170 for last several months. Probably by the end of this year, $1,200 could become the new normal around which its price fluctuate.
Reports are trickling in the the Justice Department is looking into possible criminal activity and price fixing in the silver market by the large bullion banks...
I saw an article at zerohedge on that, but decided not to post it. They’ve jumped the gun a couple of times on other things, and even the “money” DoJ quote there was IMO little more than “we’ll get back to you” boilerplate.
And even if they do get serious, I have no doubt whatsoever that we would first see another 40% drop in silver a la summer 2008 as a deliberate and coordinated effort with JPM et al to close out their short positions.
Thanks to jiggyboy for starting a gold ping list, very interesting.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.