Was planning to sell some this week but seems like price didnt hike up too much, will still be making a lost from the purchase price. Now just need to wait

Its gonna be a long way down with some occasional small spike....its not the time to buy the gold yet...anyway those whi have bought pls patiently wait until early 2016....

sorry bro:

http://goldsilverworlds.com/investing/2013...metals-markets/

i urged anyone planning to take a plunge on gold read this first....

Hi guys,

Noob question.....Do you guys know of any online platform/forum where ppl buy & sell physical gold bullion? I can find a lot of retailers selling but where do the general public conduct their trade?

Gold prices dipped below $1,200 an ounce on Thursday and silver slid to a 4-1/2 year low after the Federal Reserve ended its bond-buying stimulus programme with unexpectedly upbeat comments about the economy.

"Overwhelming bearish pressures weigh on the metal, with both technical and fundamental indicators pointing lower," UBS said in a note. "(That could take) the price towards significant support at 1183.23, (the) October low, which also coincides with December 2013 low."

long shot 1063


This post has been edited by Sham903n: Oct 31 2014, 04:27 PM

wadafuq happened to gold price today ?!?!?!?!?!

http://in.reuters.com/article/2014/10/31/m...N0SQ1RM20141031

As predicted, price will drop after deepavali. Price will even drop further, I am guessing the lowest will be around dec

i bought 30 ounces yesterday and already lost money in theory!

where buy from bro ? many no stocks...pm ?

ok yesterday was below 1200 so I jumped and bought. today and monday will be the best days..
but your just wait--its going back up to 1230 at least

I live in US and its all bluff. USA is good at it.

Its gonna be a long long way of downhill from here....

pick up physical stocks slow slow mah

I doubt it, the 1180 support is broken. Now it will probably fall even more after annocuncemnt of the stimulus plan from Bank of Japan. Oh well, not going to touch gold anytime soon now...

i am considering buying japanese stocks. but agree that gold is only a long term hedge, I agree that owning more than 10% of your portfolio in gold is probably not so wise.
But if a true crash or ultimate disaster happens the banks will be closed for some time. Physical gold will ALWAYS have worth when paper currency is used for fires and tissue. Look at Venezuela

i would say japanese stock market will now go up with their QE like it did for USA a few years ago....but printing money will someday have consequences. that is just logical. You can't just keep QE forever

I am thinking the basics--Sony Toyota and Kubota, for now.

This post has been edited by mike boultinghouse: Nov 1 2014, 12:46 PM

this is really challenging.

i shouldnt be adding more gold and have more cash as for this year's projection in total.
but this happen.
should i make ammend to that since this could be just the only moment gold could be at this price point?

but gonna need to liquidate it earliest by next year.. at most is 2-3 yrs.. gold price might not get any higher within that time span?

Only buy now if u plan to hold it minimum another 1.5 years+... No major news that could shake the gold price up substanially thus far...

1.5 sounds doable

Is this the time to keep an eye open for mining stocks that have plunged?
Yes, willing to wait it out 1.5-2 yrs. Maybe better than physical because easier to trade?