Am looking to buy unallocated gold when this drop in the Gold Price bottoms out. Will this be a buying opportunity and what price is a good price? I am thinking $1500 sounds like a good time to buy.... Thoughts?
The lower the price go, the cheaper it becomes, right? A good price is the lowest price you can buy it for. When is good? No one has a crystal ball. It appears that the rally is gold has turned and retraced, if it stays above the low and moves higher then it's a bullish move and technically signals a bull market.
Yeah. I grabbed another ounce last night when it touched on 1580. If it hits 1500 i'll grab another 5 I think. But I don't think the retrace will get down there.
buy when can in a regular fashion and you will average out. that being said was lucky enough to buy a 1oz au kanga at 1625 with express post when spot was 1595. by time i paid today spot was 1620. i first bought gold at 770 and a hand full from 800-1000, at those prices people told me i paid too much///
Haha, yeah didn't they all?! But remember when it crossed over $1000 and made those headlines? A lot them recanted and thought it had had its run and it was too late. And I don't even consider gold and silver eventual targets being fulfilled merely on the right track... My crystal ball says "the world is going to get worse" though I hope for the best... planing that's another story.
ing I was crazy!!! I've still got heaps of receipts where I paid $3 - $400 for an ounce of gold and I remember my boss at the time saying I was crazy![/quote] Maybe he was onto something ...
