Long term gold buyers

Discussion in 'Gold' started by BootyBandit, Aug 11, 2011.

  1. BootyBandit

    BootyBandit New Member

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    For those people who buy gold to hold for atleast a year or two, are you buying now? or waiting for it to go back to 1500, or do you think gold will continue to rise and not see the 115-1600 price ever again? I dont understand why people would buy gold now if they are not planning to sell in a few months because these prices seem to be rising too fast
     
  2. jnkmbx

    jnkmbx Well-Known Member

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    I won't be adding more to my stack until the gold price takes a hit, and it will soon.

    When JPM and GS go around making big calls about "$2500 gold", it's time to get defensive, cos an ambush is imminent. ;)

    That's what I'm waiting for. :cool:
     
  3. aus2014

    aus2014 New Member

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    Many are looking to get back in at 1500, which could mean that gold will settle just above that.
     
  4. Auagau

    Auagau Active Member

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    Im only buying a few small things that are value added, rather than bullion.
     
  5. Graeme

    Graeme Member Silver Stacker

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    +1

    I am always trying to buy smaller coins at spot or less when FIAT permits.
     
  6. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Picking the bottom of a market is luck not skill and while most agree that gold will came back a bit there is no guarantee we will see $1600 or 1500 again. The Fed meeting this month may start QE3, there may be another dive in the highly unstable markets. The best advice from Marc Faber is to accumulate slowly and let the trend be your friend. Over years it makes no difference. I don't care if I paid $650 or $750 in 2007 ? How much difference does that make now ?
     
  7. boston

    boston Well-Known Member Silver Stacker

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    I am on the record as having stated that I believe that AU will be A$1900 by years end. And I believe that it will be. We shall see.
     
  8. systematic

    systematic Well-Known Member

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    if people want to make a fast buck - try and play the paper market or flip your metal
     
  9. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    I'm impressed... I thought they would've still been using roman numerals and stone tablets back then :)
     
  10. systematic

    systematic Well-Known Member

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    wazza matter? papyrus not good enough for ya? ;)
     
  11. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    papyrus ?
    [​IMG]
     
  12. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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  13. boston

    boston Well-Known Member Silver Stacker

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    Interesting. The price almost doubles every 7 years.
     
  14. systematic

    systematic Well-Known Member

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  15. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Sometimes I feel like a platypus...no matter which way I look there's an enormous bill in front of me!
     
  16. systematic

    systematic Well-Known Member

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    you must be using my ex accountant :/
     

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