Buying Gold at these highs?

Discussion in 'Gold' started by CEO10K, Aug 9, 2011.

  1. hiho

    hiho Active Member Silver Stacker

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    just keep your eyes peeled and your powder dry, and once a week or once a month turn some paper into gold or silver, its all money except gold and silver is real money which is inflation resistant
     
  2. silvertongue

    silvertongue Member Silver Stacker

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    Depends on the day
    With both Gold and Silver I tend to keep an eye on the moving averages. If it moves much above the 30 day, it's probably going to correct. If it moves below the 200 day, it's probably a bargain. :)
     
  3. kkkrazy

    kkkrazy New Member

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    20 year aussie gold chart screams buy,8 months of bliss ahead.Tell your auntie,mother,sister they will laugh,then in not to distant future they WILL regret.
     
  4. nonrecourse

    nonrecourse Well-Known Member

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    In 2009 and 2010 I bought gold as a hedge against my property investments. This year I diversified by buying some silver as a hedge against those same property investments. Later this year and for the forseeable future I will be buying gold and silver to hedge my property investments:lol:

    Looking in my crystal ball the big international trading banks lost 70% of their capital during the GFC. That being the case common sense would suggest those banks having taken such a big bite are going to be chewing for a long time.:rolleyes:

    Since early 2007 when collateralised debt obligations first came to my notice on the internet, I have been a property bear that wants no more than 30% skin (debt to equity in property) in the mix. To this little duck; bullion was the currency of choice over the centuries and will yet again have its time on centre stage. Will that occur in my life time... not sure.

    Do you buy gold and silver now ? Only your own personal situation can guide you.

    Kind Regards
    nonrecourse
     
  5. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    Also - If the price of gold were to correct by $100 - $200 per oz ( not that im expecting such a big drop ) but if it were to drop to $1550, than the premium on gold coins going forward would DEFINITELY be a little bit higher than what these premiums were a week or 2 ago when spot in AUD was around $1550.

    Silver has shown that when it corrected at start of May
     
  6. Nub Cannon

    Nub Cannon New Member

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    Im waiting for the CME to raise margins before for I get more Au
     
  7. Diablo21

    Diablo21 Member

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    I bought an ounce and 10 grams yesterday, it seems like a bargain now ;)
     
  8. Sik Bizkit

    Sik Bizkit New Member

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    Fiat is riskier! Look at it this way - Gold is not going up in value, your dollars are loosing value...and the FED isn't stopping the printing press any time soon!
     
  9. Wout

    Wout New Member

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    When the US treasury bonds bubble bursts gold will go through the roof! look what just one rating agency downgrade did to the price of gold and the stock market and people actually bought moreUS bonds! hahaha... so IMO its definitely going up but ofcourse there will be corrections along the way, aka good buying opportunities
     
  10. Photonaware

    Photonaware Active Member

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    I'm not buying gold especially after checking the price chart over the past 12 months.
    There is a definite big spike from mid July so the spot price should be around USD 1450 not USD 1750.
    As stock markets have taken a big dip it's forced up the price of gold through panic buying.
    However there is no solid business reason for the recent collapase of the global markets so my tea leaves reckon there will be a reversal in the next couple of months.
     
  11. Mr Medved

    Mr Medved Member

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    Though we may see a further dip IMO sub-1700 AUD still represents value.
     
  12. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    I 'want' to buy Gold, but also think there's going to be a dip in the spot price (to the tune of $100-$200) - so I am holding out for the time being, going to give it another week or two.
     
  13. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

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    Damn... buying some gold tmrw, typically the price heads up today :)
     
  14. vintec

    vintec Member

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    damn, on it's way up again...the sub $1650 dip this morning looks like a bargain now....

    Must. Resist. Panic. Buy...
     
  15. Nub Cannon

    Nub Cannon New Member

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    It happens to the best of us, on the bright side it might continue to go up after tomorrow :p
     
  16. Auagau

    Auagau Active Member

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    I think the trick is to make smaller, more frequent purchases to even out the fluctuations. Although this can add to premiums and postage...
     
  17. vintec

    vintec Member

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    I've already worked out the premium/size I'm willing to pay and hoping for $1600ish dip. I think the $1800 spike was fuelled by panic and not worth the value, $1700 may be the median price now and hoping for a bargain below that.
     
  18. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    $1600 is where my money is at for buying.
     
  19. fishball

    fishball New Member Silver Stacker

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    Same... but I worry about Germany faltering and driving Gold to record highs instead of a dip to $1600...

    Thankfully I won't be buying significant amounts anyway so meh.
     
  20. Chillidog

    Chillidog New Member Silver Stacker

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    Think I've got gold fever
     

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