Buy more gold?

HK riots stopped, brexit confirmed, trade deal Phase 1 to be sealed, Stock market booming, but gold still hasn’t dropped to $1400. The support is very strong. Anyone still sitting on the fence?
 
spot does not dictate all
bought the 1 ounce Perth Mint bar for $68 then it went to $1k each bar, now going for much less, but still a good $300
 
SilverDJ said:
Only if it goes up from the time you buy to the time you sell it. It doesn't always do that. Ask anyone who bought in 2012, they still haven't broken even.
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This is not 100 percent true. In 2012 gold dragon 1oz cost me $1870 to buy. Today you can't even dream to have it for $500 more....
 
SilverDJ said:
Only if it goes up from the time you buy to the time you sell it. It doesn't always do that. Ask anyone who bought in 2012, they still haven't broken even.
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There's a time for every asset. One can even make a fortune from tulip bulbs at one point.

The problem is when we compare gold with stock or property. Sure one can buy Apple stock at $280. If compare gold with cash, gold makes a little sense with falling rates.
 
dragafem said:
Are you sure? It is much higher now than it was back then....
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It is much higher indeed than during the "gold crash" that happened back then.

Still: one should focus on the current situation and on what's most likely coming.

Why would any normal man keep their money in the bank if they charge negative interest rates?

Plus, it looks like gold could easily hit 1,600 $ next year.
 
Nice to buy gold when you have extra bucks, putting in the bank for just convenience is also ok but i never put in the bank more the 2oz of gold value.
Dispensable money that you do not need can be converted to gold, that is my way of saving and learnt many lesson on that.
 
madaw1 said:
This is not 100 percent true. In 2012 gold dragon 1oz cost me $1870 to buy. Today you can't even dream to have it for $500 more....
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7% pa in the last 8 years was a relatively poor investment. S1 and S2 mice were the only relatively good ones and that was frankly down to dumb luck.
 
dragafem said:
Are you sure? It is much higher now than it was back then....
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Australia is a small drop in the currency bucket, try USD.
Basically what you are looking at with the AUD price of gold is the AUD exchange rate.
So if you bought gold in AUD in 2012, you effectively bet more on the currency exchange rate than the gold.
What that means is that right now the "price of gold" for the global market can stay steady, but the AUD price of gold can DROP if the AUD rallies higher.

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tigger2 said:
7% pa in the last 8 years was a relatively poor investment. S1 and S2 mice were the only relatively good ones and that was frankly down to dumb luck.
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There were few more which double in price like 1/2 oz gold coin mouse series 2, 1/4 oz gold mouse and 1/10 oz mouse series 2 not to mention 1/4oz gold ox,tiger. series 1. Like in every investment you can have big gain or big loss-depends what you choose in this investment.
 
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TreasureHunter said:
What did you buy? I didn't get it...
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the Perth Mint old poured bar, auction won here, eon back
but most bullion bought that time, were highly priced, selling them slowly would only get back the capital, or even some loss
 
madaw1 said:
There were few more which double in price like 1/2 oz gold coin mouse series 2, 1/4 oz gold mouse and 1/10 oz mouse series 2 not to mention
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Sorry didn't intend to be negative. Truly beautiful coins. I just figured the thread is more about pure investment than numi.

PS. There's a 1kg 2008 mouse on the LPM site for same price as the 1kg 2020 mouse. Not sure that their story is. Edit; Ah got it.
 
SilverDJ said:
Australia is a small drop in the currency bucket, try USD.
Basically what you are looking at with the AUD price of gold is the AUD exchange rate.
So if you bought gold in AUD in 2012, you effectively bet more on the currency exchange rate than the gold.
What that means is that right now the "price of gold" for the global market can stay steady, but the AUD price of gold can DROP if the AUD rallies higher.

View attachment 31341
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I was looking at the charts last week and I really think could has gone up a lot and could correct any time.

Although it usually starts climbing in January, what if it starts correcting -100/-200 USD instead?
 
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