US$1070 gold spot in the next few days

[JulieW]

Gold Investing 2015

The clear investing strategy for 2015 will be for one of accumulating into Gold during first half weakness, as ultimately the Gold price will break out to new all time highs, remember that we live in exponential money printing financial universe, it's just that 2015 or 2016 won't be Gold's years, but who knows 2017 may be the year that the long wait for Gold bugs will finally be over. In terms of exposure, well I have never been a gold bug so my thoughts in terms of exposure are along the lines of 2-3% in a mix of ETF's such as GLD and physical bullion. However that is probably because we have just come through another non Gold friendly year whereas a Gold friendly year, one in which the Gold price soars as many gold bugs hope for would ironically demand greater exposure to gold due to how bad things will have become in terms of holding other assets such as Bonds.

So how much gold to hold is not clear cut and depends on the state of ALL markets. And even then it depends on which assets one already holds i.e. asset classes that are most distant from gold in terms of ability to be printed so if you have virtually all of your wealth in cash in the bank or bonds then you need to own a lot of gold, perhaps 15%, off course if your 100% in cash then it would be wiser to diverse across a range of asset classes rather than plunge heavily into just gold. Whilst if most of ones wealth is in property then 2% or 3% should suffice.

At the end of the day I view gold exposure in terms of insurance for what drives the gold price higher (inflation & uncertainty) tends to be bad for ordinary people. And what tends to result in run away bull runs (financial crisis) tends to be very bad!

So all those praying for a gold bull run to the likes of $5,000 may regret the world they are living in that delivers Gold priced at $5,000. Much as the religiously infected amongst us who crave imminent armageddon so that they may ascend into paradise.
http://www.marketoracle.co.uk/Article51556.html

[youtube]http://www.youtube.com/watch?v=Qua0_MFxq_8?list=UUCwcHBmOK05GSMRqoN67crw[/youtube]

 

[leon1998]

Ironically, the second half of the year turned out to be a better time for buyers. It was true for 2013 & 2014; and seems to be true again for 2015.

In my posts earlier this year, I urged people to hold off their purchase until the second half. Thanksgiving day had been good for buyers in the past two years.

And sellers label me as a troll and buyers never listen.

 

[-j-p-shmorgan]

Ironically, the second half of the year turned out to be a better time for buyers. It was true for 2013 & 2014; and seems to be true again for 2015.

In my posts earlier this year, I urged people to hold off their purchase until the second half. Thanksgiving day had been good for buyers in the past two years.

And sellers label me as a troll and buyers never listen.

I'm done buying metals as they continue to fall downward.
I'll let everyone else do that. lol