Who is still buying gold

N

nowaydude

Member
since gold has risen since hitting the low of 1520ish? to now, who is still buying gold? who has reduce the amount of gold theyre buying? or the rate of purchasing - Oz / month lets say reduced?

with the AUD looking to fall, do you think its a good time to buy some more

my opinion: i havent bought gold in awhile, but that is due to the lack of cash lol. i didnt buy in the 15xx as i was busy with other things and didnt really have time. do i think gold will continue to rise? yes, esp with the falling AUD.
 
Would definitely be buying gold now as it is still really good price but no spare fiat :(

It's really frustrating going to the trading forums and having a "look but don't touch" attitude. So much good stuff seems to be slow shifting at times.
 
From our side gold is still strong and in demand even with the price rise.
I think people are at the point where cost is over ridden by security.
A lot of our customers of late have moved from paper share/trade into gold, while I dont think they are going all out there is defiantly a sense of people seeking safety.
If gold holds over xmas, if you dont see the normal drop, go hard.
 
bordsilver said:
Would definitely be buying gold now as it is still really good price but no spare fiat :(

It's really frustrating going to the trading forums and having a "look but don't touch" attitude. So much good stuff seems to be slow shifting at times.
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Strongly agree. I'm fuming that i just dropped $4k on roof repairs and not on Au......

I find that money is always sparse when buying opportunities are good and vice versa!
 
Don't beat yourself up; just buy when you can.
In a short time, anything under US$2000 per ounce will seem a bargain.

Reducing interest accruing debt should also be a priority; so maybe spend 50-50 on debt reduction and PM purchases.
 
nowaydude said:
with the AUD looking to fall, do you think its a good time to buy some more
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Depends if you're a stacker or a day trader.

SS has many, many day traders.
 
I have never even once bought gold, but gold had bought me many times though, and probably will again.
 
in the weeks leading up to gold's peak in 2011, who thought it was going to go higher than it did? at the time, did anything think it would go down to 1520AUD?
 
If you are blessed with the knowledge disseminated here and elsewhere and have the spare fiat to buy the current dip you'd have to be pretty brain damaged not to.
 
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This Guy is
 
nowaydude said:
in the weeks leading up to gold's peak in 2011, who thought it was going to go higher than it did? at the time, did anything think it would go down to 1520AUD?
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I think a lot of people (including me) thought "this is it" and "shit is going down!"

Hindsight is all very well. If any of us could predict the future, we would have sold all our physical at the 2011 peak and bought back in the $1,500s.

I liked Jim Sinclair's comment today on the recent battle around $1,780: "This present manufactured reaction in gold, made up of a determined 18 days of manipulative blocking actions, will be seen in the future as a pimple on an elephant's ass."
 
I'm a buyer when I can.Mostly 1/4 ozs.1/2 ozs and 1 ozs.I currently own more gold than I would have thought possible.Time for more silver.
 
Putting in an order this week for some more gold, I generally buy the smaller minted bars. I also ordered a 1Kg silver coin, just because it is pretty and shiny :)
 
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