Martin Armstrongs latest predictions are that Gold will plummet to $900-$1000 in 2014 before a major rally in 2015...... Who's game enough to sell now and buy later at $400 less per ounce?
Not I... only reason I sell gold is for GSR trades. Speaking to a broker today - this sub $1000 gold idea is gaining traction.
Hey G.P i hav'nt been into shop for a while.....prob will next year and buy big if Armstrongs right tho..... ? If you check his blog ther is a chart predicting a huge Gold price drop in 2014, but then a massive rally in 2015, and then another fallout after 2015.
Bloody hell if this really happens its going to be 400-500 per ounce difference compared to today prices....... Maybe i should stick to Silver where the range is not so big!
If it drops below 1000 I'd hate to see what it does to the miners. In any case I would buy more physical at that price but for now I'm holding.
It boils down to risk vs reward. Too much risk selling at this price or lower for me and too little reward even if it goes a bit lower. Its a buying opportunity for many of us. Sell later at $5554 problem solved. Date? Nbi
What a nonsense. If this scenario were to come true, how much of your fiat would you still be holding? It doesn't take me too long to piss it up against a wall, wine women and song. Meanwhile, how much of the remainder won't be affected by a bank holiday followed by a haircut? As a stacker you need to look at your paradigm; ask yourself why do you stack? Are you an investor? Are you hedging against fiat? Do you believe the SHTF? When you have answered that question, put it out there! Open up the debate, give reasons, give examples, share your strategy. However, remember that if you make someone wrong, it does not make you right! You need to be right through your own actions. Me, I'm not particularly bullish. I have bought a shitload this past 6 months at sub AUD24. Last week I bought 70 fiddies at $9 each followed by another 83 at $8.50 each. I truly believe that the worldwide economy will be become a cropper sooner rather than later. All the reports out of the US indicate that the populous is relishing QE and the Dow keeps rising. Interest rates are dropping in the EU, Japan is following the US and the BRICS are getting stronger whilst the PIGS are bleeding. It's a balancing act that astonishingly becomes more and more amazing as they keep adding balls to the twirl. When it comes down as GFC2 it will be quick as, I wouldn't like to pick it, and those that do, will they have time to cash in? Me, I'm cashing in now at sub $24, those smarter than me may do it at sub $20, others at sub $16. Who among you are that clever? Sell your car, sell your house, sell your first born, make a motza!
Don't forget the last major dip in gold saw the AUD drop from AUD/USD 0.98 to 0.60 in a matter of months. In USD the price dropped but went up in AUD. My guess is if we see sub-1000 AU then the AUD will tank along with it.
YES BUT MOST here turn into flippers & try to make $ Those days are over NOW everyman & his dog are want to be dealers & are only looking at the short term $ making
he's saying DOW to 30k by 2015. The fact that people still pay attention to him proves once again that there's one born every minute...
Slight correction, according to his work, Gold should have a correction in January 2014 between($900-$1000 low max) then it will slowly rally going all the way into 2015 then a major correction were it might touch or best the last June low. After 2015.75 or so it will hit the sky going into 2016+ due to loss of confidence in Government.
Buying in your local currency of course needs looking into when deciding to purchase although I don't see the Australian dollar tanking to that level.
When the AUD was $1.08 to the USD, THE BOAT WAS LEAVING and that was the time to strike,, Convert your AUD into USD, then went the AUD went to .92US.. then you buy your silver at a bargain price. We all have the chance to do such things but timing and taking the plunge are the name of the game. For me , I am a stacker, slowly, slowly catch the monkey. Ounces not dollars is my game. Regards Errol 43
Holding gold means you're reducing your exposure to AUD (drops and gains). It's effectively a supranational currency.
