For those worried about the Gold (and silver) price drops!

[ozcopper]

History doesn't repeat but it sure can rhyme. Back in 1971 gold was around $US35 an ounce. By 1975 it had reached $200 an ounce only to pull all the way back to $100, a full 50% retracement. If you had bought in 1971 and didn't see the price till 1976, you would be very happy as you tripled your money. Four short years later, the price of gold had gone up 8.5 times from the 1976 low to $850.

We are experiencing the exact same thing now. We have had a huge price increase, we are now in the retracement, and the bigger rise is yet to come, more than likely by 2030.

 

[Jislizard]

Well, I hope you are right because it is not just me watching the price, my wife has started keeping an eye on it too, and she is questioning my investment acumen!

 

[leo25]

it is not just me watching the price, my wife has started keeping an eye on it too, and she is questioning my investment acumen!

Just tell her to be patient and all will be fine in 10 years time. Women are very understanding.

 

[trew]

We are experiencing the exact same thing now. We have had a huge price increase, we are now in the retracement, and the bigger rise is yet to come, more than likely by 2030.

OR it's rhyming with the 2011 spike and prices will be lower in 10 years time, not higher.

 

[sammysilver]

Paper moves, metals are solid. These fluctuations don’t take place in the bullion markets, physical is not changing hands!
Few are selling, just a lack of buying, though this morning it looks as they are buying the dip.

 

[Shaddam IV]

I wonder if big shifts will take 10 years now. We are in unprecedented times with AI changing the employment landscape, wars and for the first time in modern history small countries can hit back at the global military superpowers with tiny drones and asymetric warfare techniques. National debts are off the charts and the world is highly connected in the information space.

I suspect that big changes and price swings will compress into shorter time frames that we have traditionally experienced.

 

[Real $ Return]

"When in doubt zoom out" though many of us trade were not day traders or push for quick profits. All is well my main complaint is liquidity and spare $ to buy lately long term outlook...good as gold