Just having a look at the current spot and the last time we saw it stay this low for a considerable time is July 2012 and we havnt seen it gone below 1500 since it made that phenomenal run to 1780'ish. That 1oz minted Perth bar for 1580 is looking more attractive to me
I've been buying on the way down but I'm holding at the moment on physical. It's doing everything the opposite I thought since the Cyprus event. Side note Newcrest (gold mining stock) got battered last week I'm looking to top up my holding in that tho.
I think gold is good value at this time, every time I get a few extra pounds I buy something, to squirel away.
I agree with you Andy although I suspect one more big drop on or before April 12th If all hell breaks loose in both Korea's then that changes my guess
Although I'm not new to stacking. I am however, new here. So, respectfully I would say yes now is a good time to buy. If I wasn't concerned with repositioning myself regarding PM's I already have & ridding myself of some premium coins I bought late last year, I would be hell bent on buying @ current prices. There is no certainty things aren't about to change upwards, considering Cyprus & following economies & yes, also the unsurety with Korean conflict. Who knows? All depends on how much you already have & how much you are considering purchasing?
good time, bad time ... this is so subjective now could be the last time silver is around $27 ... tomorrow might be the last time silver could be purchased for less than $50. You have spare fiat? Want to spend it? You know what to buy but not sure about the price? Then buy in increments!
Not sure if it is a good time to buy gold but it is pretty good for buying silver, unless it drops further in price, then it wasn't.
excellent time to buy Ag if it drops buy more if it drops more buy a lot more if it drops a lot more back up the truck all the way to zero. that's how you ride the bull.
I have been buying more physical gold in the last 60 days than in the preceding 100 days; I think my actions speak for themselves.
Sounds a lot like a bear to me! Did you check it's teeth? Averaging down is an investment strategy though. I'm bullish on PMs until Bernanke is.
I got some cash out of the bank today, and will keep some on hand just in case of a Cyprussing event here. I can't imagine what Cypriots are going through: no ready access to cash, big haircuts on deposits, capital controls, etc.
one thing for sure is: all the low premium silver from gold stacker is all gone.... couldnt get my hand on any..
It's not a bad time to buy if you compare these prices to previous prices. But I would personally give it a few more months, as I believe gold will dip lower, much lower!... Chinese holidays coming up now in early April, decisions regarding QE dimensions, euro-related news (particularly interesting after the German elections in September) and summer is generally only "lukewarm" - I expect lower gold prices.
