Gold has been trading sideways for quite a while, according to some voices, it has already finished correcting, so they say the bull market is about to start soon. Would you buy gold now or wait (just in case it goes lower)?
"Now" is almost always a good time to buy gold. The real question is "How much?" and whether that amount represents money left over after your last paycheque that you were going to invest anyway, or whether you'd be selling other assets to shift funds into more gold.
I took on some extra work this year and have been buying steadily all year. If it goes down great if it goes up great. If the stock market eventually has a correction I might change my plans and put the extra into the market.
I am still buying but admittedly not with the gusto of a few months back. It is a good time to buy (I think) but I am just a bit wary. Long story short - I am buying less but still buying.
I little bit but not as much as I usually do. Up or down I live with, procrastinating about which way it wants to go is doing my head in.
I have purchased at higher and I have purchased lower than what spot is now. The system seem's to be so f*$ked up at the moment. Where once I could trust my gut instinct and the system, they were in sync so to say..................today its a different story. The people in the world are changing, with all the media technology of today its like most have become a costumed to world crap and just shrug it off. No one cares about anything except for themselves.......................I think "they" have succeeded.............divide and conquer. Would i purchase gold now???????????????????????? I'm a bull at heart but a bear in mind. You can not get worse than that. For me its no. My best advice would be to be debt free asap until things become clearer. But hey, that's just me.
It's gotten to the point where nothing seems to matter any more except for one thing.................what and how the is US doing..............................my gut feeling say's the US has taken control of the price of gold and every other factor like the the gold fix in London is the perfect smoke screen. The US knows the price of gold will soar when they decide to go to war, the US holds the trump gold card and there is no 2 ways about it. So who will they give the takings to, share holders or gold owners...................the answer is share holders at the moment..................watch out for the holders of the tide.
If you believe that then you will miss the most important thing about gold. It is manipulated short term for short term gain but there is nobody interested in manipulating long term. It is a market as any other. Forget about all the conspiracy stories. If you believe they have an ounce of truth then forget about investing in anything..... Gold at the moment is a bull in a bear....no the bottom is not in and not even close.....look for the $1000 and another year. These movements up are simply small rallies which are common in every market....look at the dow during the plunge in the 30's.....it still had periods of 20% gains before the rot set in again. Investigate further and you will find without any doubt that gold behaves like every other market.
I do know some long term manipulators though, 'central banks' I believe was their name. 1997 326 1998 363 1999 477 2000 479 2001 520 2002 547 2003 620 2004 479 2005 663 2006 370 2007 484 2008 236 2009 30 2010 77 2011 -455 2012 -544.1 2013 -368.6 A multidecade cycle appears like longterm to me.
The Australian share market has reached a new six-year high, finishing above 5,600 for the first time since the global financial crisis. http://www.tradingroom.com.au/apps/...ished/2014/7/211/catf_140730_171900_9254.html
Record highs, and no negativity to find. Makes me think about silver and gold end april and end september 2011. Record highs, and no negativity to find. What Was It Again? I have Pneunomia ERR Insomnia! Help Me Remember! The Wisdom From Oldies!
So far its: 6 YES 1 "DEPENDS" 1 NO The rest of you side-blabbied a bit or came up with "market philosophy". I know the latter, I am purely curious whether you'd buy the solid gold or not. I even take "depends" as an answer. In fact, I myself am part of the "split category".
Would I buy gold? No, it's too expensive. Would I sell gold? No. it's too cheap. But i'm happy to stack it in the form of e-waste and sell when either the price or my stack reaches the moon.
I'm waiting and watching to see if gold goes down a lot again myself. No idea if it will or not! If it doesn't i'll have to reassess things I guess.
