Gold's heading back up

[Thrashertm]

Thank god - I was beside myself with the 10% drop last week. It's up about $30 an ounce or 4% this week.

Gold is back.

 

[freedominnumbers]

It'll go back. Never a question.

 

[danberkeley]

'member: long-term investment...

 

[seapilot]

Gold is insurance that one hopes they never have to use it.

 

[ARealConservative]

Gold is insurance that one hopes they never have to use it.

nonsense.

I hope to live long enough to need to cash it in.

Tax Free IRA

 

[ARealConservative]

Thank god - I was beside myself with the 10% drop last week. It's up about $30 an ounce or 4% this week.

Gold is back.

Unless you are approaching retirement age, never give a second thought to buying on the dips IMO.

 

[OptionsTrader]

USD over past few days, currently an anemic 71.X. Realize the dollar index was around 120 in 2001 before the Afghanistan invasion and Iraq sabre rattling...

Hey at least a FRN is worth more than a peso...

 

[Brown Sapper]

DAMN IT!! I was waiting till the first of the month to buy since I only get paid once a month

 

[kirkblitz]

i wish i had sold at 1025 and bought back at 915. o well

 

[Dr.3D]

i wish i had sold at 1025 and bought back at 915. o well

How could you afford the shipping and commissions?

You must be holding paper.

 

[Banana]

i wish i had sold at 1025 and bought back at 915. o well

Well, hindsight is always 20/20, but remember this is essentially gambling. You couldn't have known it'd go back to 915, and the real bugbear is that you have to make sure the difference is big enough to offset the costs of selling/buying.

Not worth it, really, IMO.

 

[OptionsTrader]

Short term capital gains taxes and trading costs make that small of a gain hardly worth the effort. Just be glad you own real money....

 

[Matthew P.]

Keeping a wary eye on the market . . .