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 Gold investment corner v4, Will gold price achieve USD2000 by 2012?

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vandetta
post Nov 22 2011, 02:09 PM

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Guys, I started last month, with price 184.40.. now the price dropped to 175.59.. will it drop more or is it ok if go buy now? Please advice.
vandetta
post Nov 22 2011, 02:51 PM

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QUOTE(xproc @ Nov 22 2011, 02:46 PM)
buy as long as you have spare cash to average down your buying price, don't use emergency cash. Anyway, you make your own decision, trust your instinct.
*
I do have spare cash.. so your advice is, instead of waiting until the lowest price (which we would not know when) then its better to buy now?

Its RM8 difference since the last time I bought.
vandetta
post Nov 22 2011, 03:20 PM

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I think I will topup some today.
vandetta
post Dec 13 2011, 12:31 PM

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You need to understand that gold investment is not a short term investment. It is long-term investment. Gold price should go up in long term. Short term up and down in pricing is normal. Don't do panic selling. Wait until you get profit then you can decide to sell or wait.
vandetta
post Dec 14 2011, 02:59 PM

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Within last three months USD lowest drop to 0.311721 in September 2011. Today it is 0.314959.. I wonder will it drop more?


Added on December 14, 2011, 3:01 pm*Edited: I mean, lower than September currency. It will effect gold price of course.

This post has been edited by vandetta: Dec 14 2011, 03:01 PM
vandetta
post Dec 15 2011, 10:42 AM

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I just don't believe this. Today's price is the price of few months back, not the lowest, indeed. However I think this would be the best and safe time to buy. We don't know how much will it shoot up tomorrow. And we also don't know whether it will drop down more tomorrow biggrin.gif

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