Question: At what downside price for gold would make you puke?

The assuption is that you have a substantial amount invested in metal and/or gold stocks and limited 'free' capital

What downside price would freak you the f* out? What is the highest price (on the downside) that you would say now - I absolutely dont believe Gold could get this low

For me I absolutely do not believe Gold could get lower than 1300



Im trying to find out what level people would get freaked out and scared - please be as honest as you can ( and no-one talk a big game pretending they are the pillar of strength investor)

 

Do You believe it will go down to $1300?
if you do then wouldn't it be best to sell now and
buy it back when it does?
appart from the possibility of it going up, what's the point in holding it if it's only gonna go down?
unless it's been moulded into a portait of yourself I don't see the point, if you can simply buy it all back when it goes to $1300 and keep the change, in silver maybe.

 

-1

 

I would be sweating bullets if it hits 1300. Check out historical oil prices and gold chart. They are interrelated. And I believe oil has a fair way to fall too. My guess is a low of 1450.

 

Im not interested in explinations and theories and charts - all I want to know is what is the highest number on the downside - that you believe Gold WILL DEF NOT HIT

no explination because im not trying to find out about the markets - im trying to find out about the level of fear...

Just a number will do fine guys

 

Roughly $1100

 

Im only thanking the people that actually answered the question....
less explanation i want an idea of what people would consider over extreme levels

so what is the highest downside number on gold that you would puke if you hadn't sold your holding by that stage.... I.e a highest number that you wouldn't believe if someone told you

 

Why have you started two identifical threads???

http://forums.silverstackers.com/to...nside-price-for-gold-would-make-you-puke.html

 

BECAUSE DIFFERENT PEOPLE GO ON DIFFERENT ONES AND ITS RELEVANT TO BOTH

The more numbers I get the better and more helpful the survey is

 

Not really puke level but seriously would reconsider my stance on Gold if it dropped to:

$1250 US or $1100 AU.

I ran from Silver heavy to Gold heavy in my portfolio because I thought it'd give me stability. Seeing it go down by almost 40% would definitely give me the jitters.

 

puke level @ 1200 for me.. :|

 

If gold gets to US$100 I will be over the moon, no puking.

Buying 1kg of gold for $3200 + premium?? Yes please.

This is all short term noise. Gold is long term for me.

 

That's probably true for me too rbaggio if it ever got there.

However the first phase for me would be panic (~$1200) before thinking along those lines.

I'd probably be happy all the way down from 1600 to 1300 then I'd be scared between 1000-1300 and then I'd be very happy < 1000.

 

Stay on track guys

Question: what is the highest downside number on gold that you would puke if you hadn't sold your holding by that stage.... I.e a highest number that you wouldn't believe if someone told you

 

Try not to concern myself too much with the prices. If I thought the fundamentals had changed though that would make me puke regardless of the current price.

 

I would be stacking puke @ $1000.

Of course SS you realise this is a very unscientific survey: your sample set is taken from Silver Stackers who by definition are bullish on gold, so your result will be skewed to the upside.

 

I suspect when the selling stops there will only be bulls left - it still has a result.

 

Im going to make a call - we'll see if I'm right

US$1750 - $1900 Gold mid October 2012

US$1900 - $2100 Gold May 2013

After it heads over $2000 and sticks - Gold will probably change gears and accelerate - if so could see US$2700 Gold 2014

No idea about possible downside for gold short term - if you dont have any, and you're planning on getting some, i would be buying some anyprice below $1600 - dont spend all your money at once, space it out.
No Idea about Silver

 

So... is anyone puking yet?

 

Certainly not.

The thread isn't one based on the core fundamentals on stacking ideology IMHO.

ie I don't measure my stack in worthless paper dollars, but ounces.

There is no price discovery in the current spectrum, with spot as much an artificial barometer on value as fiat denominations within themselves.

A big 'drop' in the fiat value of money simply means a bigger buying opportunity to me and nothing more.