Is today the right time to buy gold for investment? Gold talk in Gold Cafe...

[DNP]

Let talk gold, ppl!

 

[financialtraffic]

You're several years too late to buy in my opinion.

I bought gold at $250 an ounce. While I didn't time the top as well, my point is, buy when you think things are unrealistically cheap and sell when they are unrealistically high.

When something is already making headlines because of its value, like gold is....it certainly can't be cheap.

Unless of course the civilized world comes to an end. Gold might pop another $1k an ounce. But that's about the only catalyst for that in my book. While lots of people like to sit around and doom and gloom it right now it's smart to remember that everyone who has bet against America for the long-term during the last couple hundred years has lost.

 

[VirtualT]

heh, you know what they say,.. when everyone starts talking about buying, time to start selling

 

[TheLegendaryJP]

heh, you know what they say,.. when everyone starts talking about buying, time to start selling

In that case.. I got 2 RCM 1 oz gold bars for sale, unnnncirculated and starting @ Market price + $50.... USD

 

[gawnd]

I got into gold back 2005 I think when it was breaking through $400. Moved to silver recently as its been outperforming and the historical gold to silver price ratio is way out of whack indicating much more upside in silver even if gold stays where it is.

Both are extremely volatile, I saw all my gains from 06 to 08 wiped out in the correction at the end of last year, but tripled down near the bottom and am more than whole again and looking forward to 09.

Check out Kitco.com for precious metals discussions - one of my favorite investing sites. Mind you everyone there is a gold bug, so take whatever you may read with a grain of salt. But many contributors make very good calls on the PM markets.

 

[britishbulldog]

You're several years too late to buy in my opinion.

my point is, buy when you think things are unrealistically cheap and sell when they are unrealistically high.

Thats the problem when to know to buy and sell because if it were all that easy we all would be multi millionaires by now.........

 

[VirtualT]

Thats the problem when to know to buy and sell because if it were all that easy we all would be multi millionaires by now.........

Its no problem, gold goes up and down all the time.
Keep an eye on the market, buy low sell high.

 

[Focus]

I remember when good weed & gold were the same price..now gold is triple the price

 

[PRED]

the right domains are far better an investment than gold

what can you do with gold apart from look at it? and also hope its price doesn't tumble, which no doubt it will as at an alltime high

there is no better area to be in than this one