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How low will Gold drop before you start buying again?

I bought some gold but at one time bought at $1000. I don't want to buy too high again. How low should I wait for gold to drop?

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Serious rumors of a "fix" at $650 and silver at $6.50 have been

voiced for some time now. Remembering back to the late 70' and very early 80's...gold is not a stable investment if profit is the motive. Of course if stability over a 50 or 100 year period is the goal...buy gold !!!

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how do you buy gold?

I went to Peter Schiff's site (europac.net) but it looks like you need $10,000 to buy gold. I don't have that kind of money sitting around, but I was interested in buying $1000 worth. How do you guys recommend a newbie go about buying gold. thanks!

Go to a local coin shop or

Go to a local coin shop or maybe pawn shop and buy a gold coin? That's the best way if you want to own the physical metal. Other than that, you can buy the gold ETF which is essentially gold owned but stored by the company that runs the ETF. For those you can buy through any investment type service such as Scottrade, Etrade, etc.

...

Nows a good time

1. Gold is sound money ... always has been, always will be
2. The IMF story is just background noise
3. A close below $825 / oz. and you'll not find any for sale

Technicals

I'll buy more when an RSI(9) over-sold condition is followed by a positive reading on the price oscillator PPO(12,26,9) ... or when Tim Woods says it's time. :-)

Ĵīɣȩ Ɖåđşŏń

"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

I buy every three or four days on average

regardless of price , or premium,or shipping ,or wife nagging haha.
I buy mostly silver though , and mostly the cheapest (rounds / bars )or small fractional Gold that I can find at that time.
Just try and buy the dips when ya' can.
I'd LOVE to see gold @ 300 an ounce and silver for three bucks again haha....I'd Load up the trucks ,cars,van,and motorhome!

And

the horse trailer.

I'm waiting for there to be

I'm waiting for there to be a big dip in gold and then I'll buy some.

If you believe that our dollar will crash, then buying gold at a $1000 is better than not buying any at all.

Paper money will eventually be worth $0 and gold and silver always retain more value than paper.

What do you consider a big

What do you consider a big dip?

By the time you're done waiting there will be little left and what is left will have big premiums.

I am watching

very carefully. I would pull the trigger big if it dropped below $700 but that is a fantasy I think!

$700 is a good trigger, actually.

Our friends at ElliottWave.com expect gold to decline to $680-650 before making its next big move northward. Their judgment is the best I can go on.

Oh, I'm watching....

Believe me, I'm watching!

I may not know the truth, but I know when I'm being lied to...

I may not know the truth, but I know when I'm being lied to...

I'm basically very wary about buying gold and silver...

after seeing how much it's manipulated (after watching it for a year, now). The powers that be have control of the precious metals "in the bag". Don't buy or sell depending on market values. The only way you'll come out ahead is if you happen to buy and sell at the right time based on what the big boys are doing. The only reason I have silver is to have it to use as a backup to be used locally if everything else goes bust.

No, the way you'll come out

No, the way you'll come out ahead is to stay LONG is metals. By long I mean 2-5 years, maybe (and likely) more.

all manipulations end and

all manipulations end and end bad for the manipulators... think about that.

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

think the imf is selling alot of its gold

im buying when it dips to 800

that gold will never see the

that gold will never see the streets. the amount they are selling is a pittance. do not be fooled by mainstream media BS... it may dip to 800 or even 750.00 but you will not be able find it any easier then you can now. actaully i would be surprised if you will find it at that price.

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

Why has Gold been going down?


Why has Gold been going down more, when the deficit and debt is exploding beyond the point of repayment?

With the total mismanagement of the monetary system, and the money supply out of control, it makes no sense for Gold to be going down.

because the 100's of

because the 100's of billions of dollars of short contracts that the big banks have to manipulate the paper price, has to be brought down in order for the short position to be wound down.. its another bank bailout... very simple.

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

Sierra:

(I'm not on a mission about gold, but Man, c'mon....)

imagine there's a gigantic nuclear war and you're the LAST person left alive on the planet..

Would you really sit there all by yourself and say; Damn... wish I had some more gold.

IT'S A ROCK. GET IT?

I'd waaaay rather have bushels of yummy paper to eat

No, I'd really wish I had more dollar bills.

Oh, wait.

I guess I don't get it. In the case that I happen to be the last man alive, I would not worry about gold, no. How exactly does that apply to the idea that there may be rampant inflation? Or a complete breakdown in the dollar?

Imagine Oompa Loompa's skipping down the street giving everyone delicious chocolate.

Or Imagine that aliens come down and teach people how to leap off the ground and fly like birds.

It's fun to imagine. It's not always useful to a discussion...

It's a metal, not a rock.

.

Ron Paul "Sign Wave Across the USA" -- November 5th!

Their selling gold

Didn't they announce at the G20 they would sell 400 tons of gold, temporarily saturating the market and pushing the price down.

It is only going down

if you are a banker, buying or selling paper gold to or from other banks on the LPME, or if you are trading futures on the COMEX. If you are trying to buy physical gold, the price is still running around $1000.00/oz

http://www.24hgold.com/english/buy_sell_gold_coins.aspx?co_id=0

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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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Bought today

at $896 per ounce.

Correct, Mr. e_goldstein.

You are my hero.

Ron Paul "Sign Wave Across the USA" -- November 5th!

ew, you made me feel

all warm and fuzzy inside.

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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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Manipulation?

Manipulation?

“Liberty means responsibility. That is why most men dread it.” -George Bernard Shaw

PzldPtrt

http://www.gata.org/

Ron Paul "Sign Wave Across the USA" -- November 5th!