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

Discussion in 'Stocks & Derivatives' started by SilverSanchez, May 14, 2012.

  1. SilverSanchez

    SilverSanchez Active Member

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    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)
     
  2. footycard

    footycard New Member

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    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.
     
  3. thatguy

    thatguy Active Member

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  4. topstock

    topstock New Member

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    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.
     
  5. SilverSanchez

    SilverSanchez Active Member

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    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 :)
     
  6. silvertongue

    silvertongue Member Silver Stacker

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    Roughly $1100
     
  7. SilverSanchez

    SilverSanchez Active Member

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    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
     
  8. lucky luke

    lucky luke Active Member Silver Stacker

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  9. SilverSanchez

    SilverSanchez Active Member

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  10. fishball

    fishball New Member Silver Stacker

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    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.
     
  11. Lunarowl

    Lunarowl Active Member Silver Stacker

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    puke level @ 1200 for me.. :|
     
  12. rbaggio

    rbaggio Active Member Silver Stacker

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    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.
     
  13. fishball

    fishball New Member Silver Stacker

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    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.

    :p
     
  14. SilverSanchez

    SilverSanchez Active Member

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    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
     
  15. hawkeye

    hawkeye New Member Silver Stacker

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    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.
     
  16. Stackman

    Stackman Member Silver Stacker

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    I would be stacking puke @ $1000. :p

    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.
     
  17. SilverSanchez

    SilverSanchez Active Member

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

    SilverSanchez Active Member

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    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
     
  19. Dogmatix

    Dogmatix Active Member

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    So... is anyone puking yet?
     
  20. Guest

    Guest Guest

    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.
     

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