A question by Doug : I guess just back off till it drops some more? What do you say? ?
Answers
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“If you want the most gold, dollar cost averaging continues to work. Put in the same dollar amount each month.
If you want to ride the long-term price of gold, the dollar was at $25 dollars per ounce in 1929. Comparing that to the price today makes it clear the long-term trend is up. But that suggests a dollar cost averaging approach anyways.
If you want to ride the short-term swings there are all sorts of quantitative methods, none of which work. May as well pick one and go for it.
My longer-term play is silver. The industrial consumption has exceeded the mining supply for decades. For millennia gold hovered near 13-20 times the price of silver. For one century gold has been 50-100 times the price of gold. Eventually silver needs to go up it’s just a question of will I be alive when it happens.”
Anonymous
“As I’ve been posting on here for years, gold has been in a cyclical bear market since Sept. 2011, and it should decline for another year or 2 to about the $1200 level. Actually, I’m predicting that China will continue selling off treasuries and bond prices will eventually plummet, I don’t have an exact time frame but I think any time is a good time to buy gold before that happens, as gold will be the only safe haven left.”
Anonymous
The price of gold has fallen by almost half since it reached nearly $2,000 per ounce four monts ago. So, think, just back off till it drops some more. Gold is a hedge for other investments against runaway inflation.
Vaor