Home › Forums › Financial Markets/Economics › Where are gold prices headed?
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denis4x4.
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May 22, 2007 at 1:04 PM #54350May 22, 2007 at 1:04 PM #54361
HereWeGo
ParticipantI agree with Chris — sideways, floating in a band around $675 or so. Gold investment demand is small compared to jewelry demand and industrial demand. Jewelry demand, in particular, seems to have set a ceiling of $700
May 22, 2007 at 4:15 PM #54397Anonymous
GuestMy 2 oz would be to ask yourself “Where exactly will the bubble move to?”
That is the trick to knowing the answer.If the Feds and Wall Street decide to push this bubble someplace else then Gold will languish. If they give up and pay the devil his due, the only safe place will be Gold.
Do you trust the government and corporations to do the right thing and face up to the liquidty bubble. Or do you think they will serve their self interest and bury the troubles someplace else.
May 22, 2007 at 4:15 PM #54410GuestMy 2 oz would be to ask yourself “Where exactly will the bubble move to?”
That is the trick to knowing the answer.If the Feds and Wall Street decide to push this bubble someplace else then Gold will languish. If they give up and pay the devil his due, the only safe place will be Gold.
Do you trust the government and corporations to do the right thing and face up to the liquidty bubble. Or do you think they will serve their self interest and bury the troubles someplace else.
May 22, 2007 at 6:45 PM #54407sdappraiser
ParticipantJG, you are not really dispensing investment advice are you? Your timing latley has not been the best has it? What’s the recent return results on the double down ETFs?
Anyone asking for and following investment advice here is looking for trouble. Though Chris J. is one sharp dude.. would love to see you post some more short term trading ideas.
May 22, 2007 at 6:45 PM #54420ParticipantJG, you are not really dispensing investment advice are you? Your timing latley has not been the best has it? What’s the recent return results on the double down ETFs?
Anyone asking for and following investment advice here is looking for trouble. Though Chris J. is one sharp dude.. would love to see you post some more short term trading ideas.
May 22, 2007 at 7:41 PM #54419masayako
ParticipantFlat or a bit higher.
I wouldn’t put all 10% into gold coins, I will buy some mining companies (e.g NEM, TCK) with dividends instead.
I don’t think Gold coins’ return can beat stock market in the short and long run.
Masayako
May 22, 2007 at 7:41 PM #54432ParticipantFlat or a bit higher.
I wouldn’t put all 10% into gold coins, I will buy some mining companies (e.g NEM, TCK) with dividends instead.
I don’t think Gold coins’ return can beat stock market in the short and long run.
Masayako
May 22, 2007 at 7:52 PM #54423FormerOwner
ParticipantThanks for all the input everyone. I’ve cashed out of my investment in GLD at a decent profit and I’m just going to put that money into my ING Direct savings account while I formulate further plans for it.
May 22, 2007 at 7:52 PM #54436ParticipantThanks for all the input everyone. I’ve cashed out of my investment in GLD at a decent profit and I’m just going to put that money into my ING Direct savings account while I formulate further plans for it.
May 22, 2007 at 9:59 PM #54439GuestAh, SDA, the year is young. I look forward to comparing notes with you at year-end.
The end (of the U.S. consumer) is here, and the markets will soon recognize it. That’s my story, and I’m sticking to it!
May 22, 2007 at 9:59 PM #54452GuestAh, SDA, the year is young. I look forward to comparing notes with you at year-end.
The end (of the U.S. consumer) is here, and the markets will soon recognize it. That’s my story, and I’m sticking to it!
May 23, 2007 at 9:07 AM #54482Wiley
ParticipantTo paraphrase Buffett’s investing ideology…buy things no one wants. The fact that gold has been down for 25 years makes it all the more interesting. The complete bearishness on gold right now makes me believe a move up is in the cards short term (2-3 months).
I believe all commodities will run for another 20 years. At that time there will be guys like noone saying “well the dow’s been down for 20 years…”
Gold is no ones liability. Think about that in this debt based, asset inflated world.
May 23, 2007 at 9:07 AM #54469ParticipantTo paraphrase Buffett’s investing ideology…buy things no one wants. The fact that gold has been down for 25 years makes it all the more interesting. The complete bearishness on gold right now makes me believe a move up is in the cards short term (2-3 months).
I believe all commodities will run for another 20 years. At that time there will be guys like noone saying “well the dow’s been down for 20 years…”
Gold is no ones liability. Think about that in this debt based, asset inflated world.
May 23, 2007 at 11:29 AM #54497limo_888
ParticipantI have been following the sector for the last couple of months now and did a lot of researches on it. From what I gather gold is a great thing to hold when there are instabilities in the world. I also think holding gold coin is not a great investment, but rather holding mining company is the way to invest. One warning!! It’s risky, but it also has great reward.
I am currently holding UXG and RBY just for a full closure.
Here is a link that may give you bullish opinion on Gold.
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