Need advice: Buy gold now or over time?

Personally I like to keep minimal cash at any time and id never dream of having 15k cash sitting around daily losing value while metals keep rising.
Physical price wont be dropping much if any and with the jump from $1200 to $1800 you've lost ALOT of purchasing power already.
Cost averaging might work in some environments but I sure wouldnt hope for prices to drop because they have every reason not to. We are looking at an upward trend now.
Even if paper spot drops you wont find metals for that anyway, might as well get it now and be done with it is my opinion.
I sure wouldnt wait too.

 

Wholly crap.
You're back!

I remember the last conversation we had regarding your trading strategy being a statistically certain failure: Here

How did that option-roulette-wheel thing work out for you?

 

Yep. I have kept checking the site over the last few years but never had the free time/desire to post anything. The only reason I was posting then was because of the fact I had a newborn that I was staying up all hours of the night with. You can probably guess that I have another newborn. So I’ll only be posting for a month or so and then I’ll go back to just reading the forums every few months.

Statistics have held up with the positive expected return like a mathematician would predict. Again the problem was the small bankroll. Like I stated in the above post.

I hope your investments have done well. Remind me what you trade. I had more important things to do over the last 4 years than remember what you said. What I quickly gathered from the link you provided is you claim a 2% per month return since 2012. My guess is you started with a small bankroll like myself and still sadly have a small bankroll.

 

Gold has outperformed, silver by somewhere in the ballpark of 5_1 over the past 50 years,buying a bit of extra gold at anytime is a very sound strategy,it's a long game.but always keep a bit of dry powder,just in case.you may find a bargain or just a rainy day.. good luck with it.cheers mate.

 

That's a shame.
I make the effort to remember everyone.

You're still butthurt I see.

 

What do you see happening to the price of gold, silver, and bitcoin over the next year?

Bitcoin is our boom/bust story for Uranus in Taurus. They rally to unimaginable highs in 2021-2022, and then they lose 73-93% of their value by 2025.

Gold is due for a top by middle 2022. It may have already happened, but until it falls below 1500, I think it will have another run by mid-2022 to new highs, and then lose 50-90% of its value 2-5 years later.

Silver… my target is 35.00 +/- 3, and if it gets above there, the sky is the limit.

I see both metals making another low by May 2021, and then the next rally starts, but ends by mid-2022. For Gold, the bottom may be 1600 +/- 100; for Silver 19.50 +/- 1.50. And then another rally, probably the last before the big decline.
Mma.
Astrolgical predictions

 

Bitcoin is for yUr Anus, just like the fish

https://www.facebook.com/ahril.aierel/posts/5016375621766128

how the fish swim into the but hole and stay there wow

https://www.facebook.com/photo?fbid=135835998350895&set=pcb.135836138350881 go to the next page

 

That explanation/description is the best thing I've seen read all day. {Laughing.... then laughing more}

 

What’s the annal fetish about?

 

My Missus has worked in Hospital Emergency Dept's for better than 25 years. You wouldn't believe the things people get stuck up their ass.
Better still, the excuses are hilarious.

 

30% Real Estate
30% Shares
20 % Cash
10% Alternative Investments
10% Income

Buy and sell and move/switch assets accordingly

 

I'm surprised it wasnt a cat pic. Fur isnt a good lubricant.

 

Look up ten lithium ore players trading at 2c to 25c each.
Buy $1500 worth of shares in each company, in two years you will have 10, 20, 50 times return

 

Paper manipulation makes short term predictions random guesses.

But regardless of the investor sentiment on precious metals, I still see an uptick in physical gold buying past couple of weeks. And this despite all the social distancing which makes buying physical gold and jewellery a problem.

 

As long as central banks keeping buying, the overall trend for gold will be up regardless of any corrections in paper price.

 

$15,000? You over estimate your fellow forum members. You know we dont find a spare $2 in the trolleys outside Woolworths without spending it on silver.

 

the op states $15k lol

 

I see a high chance of seeing lower gold and silver prices this year, unless the US and/or EU start easing heavily. Watch the news on stimulus and on economic growth, unemployment.

With the corona vaccinations undergoing, economies restarting, Biden getting in power, the US dollar, CHF and EUR are already gaining momentum. If you check the charts, you will see gold zig-zagging down.
Bitcoin is also going to pop soon, it went up vertically, so the crash is natural to happen soon.

There will be a "false economic recovery" (especially for the US) in these 1-2 years. So I expect gold to sink a bit now in 2021 and then pick up in 2022-2023.

So basically a heavy correction is what I expect, prolly down to 1,400 USD.

I recommend watching Marc Faber and Alessio Rastani (for the technicals) on YouTube. They seem more realistic than the gold permabulls (which I also watch - e.g. Peter Schiff).

 

If I were you, I would wait a little. Would try to pick the bottom now, as gold corrects. I think 1,700 USD could be in the area where the next bottom could be.

I expect gold to go down rather than up this year. 2021 will be the year of a major correction, as the economies are "recovering" and people are getting vaccinated. So, I would wait.

Perhaps it would be better for you to wait a little, then buy over time, trying to aim at the dips.

Silver is a bad buy above 20 USD, in my opinion. I expect it to go down to 17-18 USD. It will fall very fast, because it's so volatile.