Buy more gold?

Discussion in 'Gold' started by aelmsu, Jul 18, 2019.

  1. aelmsu

    aelmsu Member

    Joined:
    Jul 15, 2018
    Messages:
    43
    Likes Received:
    17
    Trophy Points:
    8
    I'm starting to get itchy feet and want to purchase more bullion... I've been holding off with gold hitting new highs, nobody wants to buy at the top... What's your take? Wait for a dip or buy now?
     
  2. stackmans

    stackmans Active Member

    Joined:
    May 17, 2018
    Messages:
    109
    Likes Received:
    67
    Trophy Points:
    28
    Location:
    Brisbane, QLD
    As the old saying goes, buy your gold in August.
     
  3. 66rounds

    66rounds Well-Known Member Silver Stacker

    Joined:
    Jun 22, 2019
    Messages:
    2,987
    Likes Received:
    3,389
    Trophy Points:
    113
    Location:
    Melbourne
    Why August?
     
  4. stackmans

    stackmans Active Member

    Joined:
    May 17, 2018
    Messages:
    109
    Likes Received:
    67
    Trophy Points:
    28
    Location:
    Brisbane, QLD
    66rounds likes this.
  5. prospect

    prospect Active Member

    Joined:
    Mar 22, 2019
    Messages:
    85
    Likes Received:
    81
    Trophy Points:
    43
    Location:
    Melbourne, Australia
    No one can say for certain where the gold price is going from here, so hard to tell.
    Personally, I think there is more potential to the upside than to the downside.
    Having said that, I would caution not to go all-in at these prices.
    Intelligent stacking is all about going about you accumulating in an orderly long term way,
    and averaging out your precious metal purchases.
     
    66rounds, sgbuyer and aelmsu like this.
  6. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

    Joined:
    Dec 31, 2014
    Messages:
    2,083
    Likes Received:
    3,121
    Trophy Points:
    113
    Location:
    Melbourne, Australia
    Buy gold now!! :)
     
    66rounds likes this.
  7. Peter

    Peter Well-Known Member

    Joined:
    Jul 28, 2009
    Messages:
    2,633
    Likes Received:
    117
    Trophy Points:
    63
    Location:
    sydney
    It's always a good time to buy Gold.
     
    SlyGuy, sammysilver and 66rounds like this.
  8. yurana

    yurana Active Member Silver Stacker

    Joined:
    Oct 10, 2012
    Messages:
    403
    Likes Received:
    26
    Trophy Points:
    28
    Location:
    mongolia
    How much is enough just a little bit more
     
    66rounds likes this.
  9. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

    Joined:
    Jul 20, 2014
    Messages:
    5,739
    Likes Received:
    1,036
    Trophy Points:
    113
    Location:
    Melbourne
    Don't forget to buy some silver too!
     
    66rounds likes this.
  10. Gazza79

    Gazza79 Well-Known Member Silver Stacker

    Joined:
    Aug 2, 2013
    Messages:
    1,397
    Likes Received:
    593
    Trophy Points:
    113
    Im a junky with gold i all ways have to get that one last fix.

    Cant help it lol
     
    aelmsu and 66rounds like this.
  11. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    I bought an oz (to satisfy the itch) 2 weeks ago at around $1415, not much different from today's price. It hasn't really moved much since early July. I've been waiting for the drop in gold and neglected silver!!

    There's talk that gold may fall a little just before the Fed meeting. But who knows?
     
  12. silver kooka

    silver kooka Active Member

    Joined:
    Apr 13, 2017
    Messages:
    279
    Likes Received:
    99
    Trophy Points:
    28
    If holding for long long term any time is good to buy.
     
    aelmsu likes this.
  13. aelmsu

    aelmsu Member

    Joined:
    Jul 15, 2018
    Messages:
    43
    Likes Received:
    17
    Trophy Points:
    8
    Honestly, prob just a few more ounces... I seriously need to diversify my investments more, but I love the shiny stuff too much.

    I think I might grab an ounce or two and hope the itch wears off...
     
  14. aelmsu

    aelmsu Member

    Joined:
    Jul 15, 2018
    Messages:
    43
    Likes Received:
    17
    Trophy Points:
    8
    My love for silver as an investment is wearing off... I have been thinking of shifting my silver to gold but need to do more research.
     
    stackmans likes this.
  15. precious roar

    precious roar Active Member

    Joined:
    Sep 18, 2012
    Messages:
    281
    Likes Received:
    160
    Trophy Points:
    43
    Better to buy gold than silver. Almost always.
     
    66rounds likes this.
  16. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    12,102
    Likes Received:
    3,877
    Trophy Points:
    113
  17. President Trump

    President Trump Well-Known Member Silver Stacker

    Joined:
    Jun 26, 2019
    Messages:
    304
    Likes Received:
    285
    Trophy Points:
    63
    I went through a gold buying phase 8 or 9 years ago. No more since then. But I started buying again about 2 months ago. I think its a good time to buy when interest rates are so low and the RBA is considering debasing the currency. I have to admit I find it hard to sell. Actually I never have.
     
    aelmsu and 66rounds like this.
  18. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    Buy gold. Despite the US is humming along because of Trump’s policies. All is no good in Eurasia. I have a feeling something big coming within next couple of months.
     
  19. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

    Joined:
    Mar 16, 2019
    Messages:
    3,553
    Likes Received:
    3,398
    Trophy Points:
    113
    Location:
    Colorado USA
    Trumps policies are the same as the last guy, print print print.
    Except now the Republicans love the spending and all the fiscal irresponsibility.
    Debt and printing presses are the only things humming around here and its the only way to keep it all going.
     
    66rounds likes this.
  20. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    Don’t know about what Republicans spend on but not all spending is the same, just like spending on silver and a security system is different from spending on cigarettes and booze.
     
    JohnnyBravo300 and 66rounds like this.

Share This Page