Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > Gold Bug

Like Tree2Likes
  • 1 Post By PMBug
  • 1 Post By ancona

Reply
 
LinkBack Thread Tools
Old 09-14-2015, 12:33 PM   #1
n00b
 
Join Date: Sep 2015
Posts: 12
Liked: 2 times
Gold Eagle purchase

I'm looking to buy a significant amount of gold but i'm hesitant because i'm not sure what to expect going forward...

Should i wait? If so, how low will it go??
AgStacks63 is offline   Reply With Quote
Old 09-14-2015, 02:52 PM   #2
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,094
Liked: 2456 times
You can always dollar cost average your way in over a period of time. No one knows for sure how low it will go or how long it will take to get there (or if any physical will be on shelves when we do).
11C1P likes this.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 09-14-2015, 07:13 PM   #3
Ground Beetle
 
11C1P's Avatar
 
Join Date: Aug 2013
Location: North Dakota
Posts: 967
Liked: 504 times
The best time to buy gold is anytime you can afford to. I wish I could just plunk down the cash for a tube of 1ozt CGM's or AGE's on a regular basis but for now I'll have to settle for a few gold fractionals here and there and tube of CSM's or ASE's here and there.
11C1P is offline   Reply With Quote
Old 09-21-2015, 08:19 AM   #4
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,094
Liked: 2456 times
FWIW:
Originally Posted by James Rickards :
Is gold off the bottom?

No one knows for sure. If the Fed raises interest rates on Thursday (which we do not expect), the effect will be highly deflationary and gold prices could move lower, at least temporarily.

Conversely, if the Fed doesn’t raise rates and offers some reason to believe it won’t raise them for the foreseeable future (so-called “forward guidance”), then gold prices could rally in anticipation of inflation.

It’s unfortunate that markets are now reduced to reading Janet Yellen’s mind. But that’s what happens after seven years of market intervention and central planning by the Federal Reserve.

Using my system, which combines complex dynamic systems analysis with unique access to relevant information, we’re able to draw some useful inferences about the future path of gold prices. Our estimate is that gold has now found a bottom and is poised to move steadily upward from current levels.
...
More: http://dailyreckoning.com/gold-the-o...ture-currency/
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 09-21-2015, 09:39 AM   #5
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
I sure don't know about gold, but I feel weird about PM's in general, with a bias for silver. Something tells me that another battering ram this way comes, as an unwind is in the offing. The bucket shop is tipping their hand, what with the see saw ride we've been watching unfold in the crazy town that Wall Street has become recently. Just as it did back in '08, the market is acting neurotic, swinging like an ape in a tree, except the PPT seems to have it's back a little bit better, not letting it fall too hard, but still letting it fall here and there. One of these days, the HFT boys will pull back and simply watch as she drops, and they won't step back in. That's when PM's drop like a rock, because everyone will need to sell their paper to cover margin.

At least that's what this rank amateur thinks.
PMBug likes this.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 09-29-2015, 09:14 PM   #6
PM Bug Supporter
 
DoChenRollingBearing's Avatar
 
Join Date: Oct 2011
Location: SE USA
Posts: 1,275
Liked: 691 times
...

AgStacks63

I also like gold, and have for a very long time.

PMBug gives some great advice above, start buying some, and ease your way in through time (dollar cost averaging). If gold goes down (and it does about half the time), then you can buy a little more each time (or buy a fixed weight a little cheaper). If gold goes up, then at least you bought some when the price was lower.

You're a winner either way! And give yourself some time and discipline (say buy some each month), and your pile will grow nicely!



DoChenRollingBearing is offline   Reply With Quote
Old 10-02-2015, 08:32 AM   #7
Predaceous stink bug
 
Join Date: Nov 2011
Posts: 110
Liked: 54 times
Originally Posted by AgStacks63 View Post:
I'm looking to buy a significant amount of gold but i'm hesitant because i'm not sure what to expect going forward...

Should i wait? If so, how low will it go??
How distant is forward?

What, do you expect.

If you own now, where will worry be placed.

Half now, half later, ensures you possess half.
drAGonfly47 is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Fake American Eagle silver coins surface in Canada Jay Silver Bug 26 06-03-2013 05:19 PM
First gold bullion purchase escobar Gold Bug 31 11-28-2012 02:04 PM
Gold Eagle Premiums -- 16 Nov 2012 DoChenRollingBearing Gold Bug 1 11-16-2012 07:11 PM
US Mint sales up for Silver Eagle proofs PMBug Silver Bug 0 11-04-2011 06:50 PM


All times are GMT -5. The time now is 11:53 AM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.