Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
In my lifetime I've watched it go from $35 up to $850, than down to $275, than up to $1800, and now down to $1050. YOU tell me where it's going next. (At $1050, an ounce should still buy you a pretty good suit. No?) -
"Does the gold decline continue? The answer may surprise you. Find out now with the exclusive & Barron's recommended charts ..."
LOL - It was a Barrons commodities guru who made one of the most flawed predictions in history regarding the future of gold prices (February 12, 2001 ). http://dailyreckoning.com/gold-again/
Sure looks like the bull market is over. That said, it was a wonderful ride. Historically, commodity type bull markets run 12-15 years or so and we're right there.
I still believe in a 'security blanket' holding of pm's representing a small percentage of your wealth, but speculation?!? Cripes, I wouldn't speculate in pm's rights now with Ted or Mark's money. teehehe
That said, for those of us that acquire bullion coins over time, the 2016 editions are on sale. POS is under $15 and the POG is under $1500. I remember back when I felt silver under $5 was always a Buy and same/same with gold under $500.
With an over time acquisition plan to acquire ones security blanket it's a good time to DCA.
Comments
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"Does the gold decline continue? The answer may surprise you. Find out now with the exclusive & Barron's recommended charts ..."
LOL - It was a Barrons commodities guru who made one of the most flawed predictions in history regarding the future of gold prices (February 12, 2001 ). http://dailyreckoning.com/gold-again/
Sure looks like the bull market is over. That said, it was a wonderful ride. Historically, commodity type bull markets run 12-15 years or so and we're right there.
I still believe in a 'security blanket' holding of pm's representing a small percentage of your wealth, but speculation?!? Cripes, I wouldn't speculate in pm's rights now with Ted or Mark's money. teehehe
That said, for those of us that acquire bullion coins over time, the 2016 editions are on sale. POS is under $15 and the POG is under $1500. I remember back when I felt silver under $5 was always a Buy and same/same with gold under $500.
With an over time acquisition plan to acquire ones security blanket it's a good time to DCA.
and so it goes,
peace,
rono