Is it the Right Time To Buy Gold- Conflicting News!!!

It is getting scarce. That alone should tell you where the price is headed. Demand is skyrocketing. Supply - not so much.
 
Back away from the news, just put the remote down and things will be ok.

Nothing to see here folks... just someone a little confused.

Come back to the real world and ignore those talking heads. Gold is a solid value and completely real. Unlike our Federal Reserve Notes. If you have any quanity of those FRNs, just go and exchange them for real assets. Food, guns, gold, women, whatever you need.

Don't pick the remote back up, its a trick. The hot women there are just bait.
 
never try to perfectly time the market, you will be disappointed...

just think if gold rises to $1000, will you buy then?

how about $1200?

it will be much more difficult if you dont buy now and it rises significantly.

Have a plan, buy some now, if it drops $XX, buy some more, if it rises $XX buy some more etc ...

this will take emotion out of it
 
You don't buy it as an investment. You buy it for security and wealth protection.
 
I'd say it's the time to buy it. Supply is down, demand is up, and people are having trouble finding it. The US Mint says their supply is depleted. If you plan on buying it, buy it when you can find it. Prices may go down, but it also may become impossible to find, and then you'll pay a LOT for it.
 
You should have bought it when it was at 750. I would say now is probably a little late to get into gold, but if you're going to hold onto it for the long-term, say 5 years, then it doesn't really matter much.

Real Price Of Gold Soars
 
I can afford to wait 5 years. Schiff seems to think gold could be $5000 by 2012.

Can I just buy gold on the internet and have a company store it for me? Is there any difference between this and buying actual bullion?
 
Cleaner44 said:
Back away from the news, just put the remote down and things will be ok.

Nothing to see here folks... just someone a little confused.

Come back to the real world and ignore those talking heads. Gold is a solid value and completely real. Unlike our Federal Reserve Notes. If you have any quanity of those FRNs, just go and exchange them for real assets. Food, guns, gold, women, whatever you need.

Don't pick the remote back up, its a trick. The hot women there are just bait.
Click to expand...

Ah, Gotta disagree with ya on one of those. There's tons of evidence that Women are NOT good investments....:)
 
lodge939 said:
I can afford to wait 5 years. Schiff seems to think gold could be $5000 by 2012.

Can I just buy gold on the internet and have a company store it for me? Is there any difference between this and buying actual bullion?
Click to expand...
Depends. If you're just going to buy a few coins, you might as well take physical possession of them and store them yourself. If you're going to buy bars, you have different options for companies to store them from. GoldMoney.com for instance, and I think it was either GoldSeek Radio or Financial Sense Newshour in the question portion of their broadcast mentioned how you can store gold with some type of company without having to store it yourself just in case you move out or something and would have to leave gold behind. It sounded like a good idea if you have that problem.

http://radio.goldseek.com/shows/2008/10.04.2008/GSR-10.04.08-cc.mp3 (listen around 30 or 40 minutes in where they answer listener's questions).

http://www.netcastdaily.com/broadcast/fsn2008-1004-3c.mp3
 
I would acquire as many ounces as you are able. The spot prices are low but many suppliers are out of stock and are selling above spot price. To me this shows that the spot price isn't telling the whole story about demand for precious metals. If there are shortages now and the decline of the economy continues as it has these past few weeks metals are a no-brainer.
 
Paulitician said:
Depends. If you're just going to buy a few coins, you might as well take physical possession of them and store them yourself. If you're going to buy bars, you have different options for companies to store them from. GoldMoney.com for instance, and I think it was either GoldSeek Radio or Financial Sense Newshour in the question portion of their broadcast mentioned how you can store gold with some type of company without having to store it yourself just in case you move out or something and would have to leave gold behind. It sounded like a good idea if you have that problem.

http://radio.goldseek.com/shows/2008/10.04.2008/GSR-10.04.08-cc.mp3 (listen around 30 or 40 minutes in where they answer listener's questions).

http://www.netcastdaily.com/broadcast/fsn2008-1004-3c.mp3
Click to expand...
I'm looking to buy maybe £2000 worth and flip it in 5 years.
 
the way i view it, is the value of having gold now, far outweighs the risk of waiting to maybe get a better price. Its like an insurance policy. I don't care if gold was twice as much, it would still be worth it (to me, at least) to have the reassurance that you have it in case you need it. Saving a couple hundred dollars isn't the biggest priority for me now.
 
LibertyEagle said:
Who knows. The reality is though, that it is getting increasingly difficult to even find. Buy some now and if later it goes down for a short time, buy some more then. If you can even find it.
Click to expand...

+1

Saw soccer moms in the shop buying PM for the first-time on Saturday--cat is getting out of the bag.
 
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