Buying the dip.

Discussion in 'Gold' started by euphoria, Dec 9, 2011.

Page 1 of 2
  1. euphoria

    euphoria New Member

    Joined:
    Aug 16, 2010
    Messages:
    1,081
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    QLD
    Anyone else buying this dip. $1700/oz thankyou very much.
     
    euphoria, Dec 9, 2011
    #1
  2. Wout

    Wout New Member

    Joined:
    May 8, 2011
    Messages:
    502
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    im still waiting on the sidelines for the time being
     
    Wout, Dec 9, 2011
    #2
  3. Macros_The_Black

    Macros_The_Black Member Silver Stacker

    Joined:
    Nov 15, 2011
    Messages:
    601
    Likes Received:
    12
    Trophy Points:
    18
    Location:
    The Interwebz
    I did, but I'm new in and buying in tranches for dollar-averaging.
     
    Macros_The_Black, Dec 9, 2011
    #3
  4. hem9

    hem9 Active Member Silver Stacker

    Joined:
    Oct 15, 2010
    Messages:
    2,729
    Likes Received:
    0
    Trophy Points:
    36
    Location:
    Brisbane
    Yup buying gold lunars and silver kooks to fill out my set
     
    hem9, Dec 9, 2011
    #4
  5. grinners

    grinners Active Member Silver Stacker

    Joined:
    Mar 19, 2011
    Messages:
    1,183
    Likes Received:
    3
    Trophy Points:
    38
    Location:
    Australia
    Roll on payday!
     
    grinners, Dec 9, 2011
    #5
  6. Silvester

    Silvester Member

    Joined:
    Mar 7, 2011
    Messages:
    209
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Sydney, Australia
    Gold is crashing! Must be because it's not backed by anything... ;)

    Would love to buy more but many other considerations right now. Will see how low she goes.
     
    Silvester, Dec 9, 2011
    #6
  7. hiho

    hiho Active Member Silver Stacker

    Joined:
    Apr 4, 2011
    Messages:
    7,816
    Likes Received:
    21
    Trophy Points:
    38
    Location:
    South Brisbane
    made a significant purchase for the SMSF last tuesday when it was $1684, got a lovely price from goldstackers :)
     
    hiho, Dec 9, 2011
    #7
  8. 2 Oz

    2 Oz New Member

    Joined:
    May 14, 2011
    Messages:
    27
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Brisbane
    Silly me ... Bought on Monday, watched it slide ever since, I just cannot pick it
     
    2 Oz, Dec 10, 2011
    #8
  9. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    12,102
    Likes Received:
    3,877
    Trophy Points:
    113
    Buying the dip. that is the case for gold

    but for silver

    we buy the 45% crash!!! :)
     
    alor, Dec 10, 2011
    #9
  10. Nedsnotdead

    Nedsnotdead Active Member Silver Stacker

    Joined:
    Sep 1, 2011
    Messages:
    1,034
    Likes Received:
    7
    Trophy Points:
    38
    Location:
    No fixed address
    Waiting for it to drop to 1550
     
    Nedsnotdead, Dec 10, 2011
    #10
  11. REDBACK

    REDBACK Well-Known Member Silver Stacker

    Joined:
    Nov 22, 2011
    Messages:
    4,135
    Likes Received:
    1,641
    Trophy Points:
    113
    Location:
    Melbourne
    Forever will you be known as an optimist ;)
     
    REDBACK, Dec 10, 2011
    #11
  12. Meow

    Meow New Member

    Joined:
    Dec 7, 2011
    Messages:
    2
    Likes Received:
    0
    Trophy Points:
    0
    I'm from Singapore. Let me tell you all this.

    US government is now painting lies on mainstream media about US jobless and economic situations. And US total debts is already beyond US$15 Trillion.

    However, the Elites have planned for the Euro to crash first. That is why prominent investors like Marc Faber and Jim Rogers go long on USD. They know what's coming.
     
    Meow, Dec 10, 2011
    #12
  13. euphoria

    euphoria New Member

    Joined:
    Aug 16, 2010
    Messages:
    1,081
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    QLD
    Good to know being from Singapore gives you instant credibility. Otherwise Id have to say you are a troll.
     
    euphoria, Dec 11, 2011
    #13
  14. Butch

    Butch Active Member Silver Stacker

    Joined:
    May 18, 2011
    Messages:
    2,584
    Likes Received:
    0
    Trophy Points:
    36
    Location:
    Australia

    You picked it, indeed. The fact that you made the purchase puts you infront of many others. There's no bad price for gold at the moment, buy more you wont regret it. :cool:
     
    Butch, Dec 11, 2011
    #14
  15. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    12,102
    Likes Received:
    3,877
    Trophy Points:
    113
    I thought i already bought on the dip, but the 1/5 coin from RAM. sun set roo :) not cheap.
     
    alor, Dec 11, 2011
    #15
  16. 2 Oz

    2 Oz New Member

    Joined:
    May 14, 2011
    Messages:
    27
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Brisbane
    No regrets here actually, when I called around to see what was available across the bullion dealers desks in Brisbane I was shocked, apparently they had very little on hand, no one ounce coins at either of them.

    I'm reckoning on a month or so where the price of gold will go nowhere, am hoping for increase in price in new year. Just how low it ay go or how long it's staying down I don't know. What's the word on the streets?
     
    2 Oz, Dec 11, 2011
    #16
  17. Wout

    Wout New Member

    Joined:
    May 8, 2011
    Messages:
    502
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    Gold is due in for a correction like Jim Rogers says "its gone up for 11 years in a row", its had a strong year this year and another Lehmans like event could send the price down to $1400 which there has got to be one coming out of Europe soon its just a matter of if not when, followed by a huge rebound like we saw when the QE programs started

    Just think its a good idea to have more dry powder atm for when that happens and continue buying smaller amounts on the smaller dips
     
    Wout, Dec 11, 2011
    #17
  18. dccpa

    dccpa Active Member

    Joined:
    Aug 29, 2010
    Messages:
    3,079
    Likes Received:
    8
    Trophy Points:
    38
    Location:
    USA
    Bought the last dip at around $1611. Of course the dealer quote was $1613. If I wasn't expecting a USD rally the first half of next year, I would have no problem with buying in the $1700 area. Right now, I am mainly building up cash.
     
    dccpa, Dec 11, 2011
    #18
  19. euphoria

    euphoria New Member

    Joined:
    Aug 16, 2010
    Messages:
    1,081
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    QLD
    I agree that gold needs a correction and the dollar needs a rally. In AUD, id bet my chocolate hat that if gold corrects, the AUD will correct more. Net increase in AUD price of gold. Look at 2008 during its correction there when priced in AUD.
     
    euphoria, Dec 11, 2011
    #19
  20. Silverthorn

    Silverthorn Well-Known Member

    Joined:
    Apr 29, 2010
    Messages:
    2,505
    Likes Received:
    28
    Trophy Points:
    48
    I've bought a few times since the correction started. Waiting now to see which way things break.
     
    Silverthorn, Dec 11, 2011
    #20
Page 1 of 2

Share This Page