Now is NOT the time to purchase gold as long as Governments around the world are printing money and investment funds are pumping billions into the financial markets. Gold prices will continue to drop for some time. We have yet to see the bottom. Buying gold now thinking of some doomsday scenario is a waste of time and money. If there is a meltdown in the financial markets, gold prices would be the least of your concerns. There would be countless other problems much greater than your gold price.

Either way, as ive mentioned many times before, gold prices are on a downturn and will continue to do so for some time. The time to buy isn't now and wont be for the next few months. Gold hasn't hit the bottom yet.

Im referring to the drop since Q3 2012 not just the current drop.

Ure talking nonsense. Typical agent talk. Gold is among the WORST investment around because u only make money when u sell. And when prices have dropped this much and with more drops coming, anybody holding gold for investment hoping to sell later, is gonna feel pain.

Really hilarious reading all the 'pro Gold' comments this past week. All the so called 'experts' proudly proclaiming a gold is on a bull run and will hit 1,300, etc.

I guess some ppl just haven't learnt the logic behind gold. Many still don't know the difference between a HEDGE and an INVESTMENT.

Gold is a hedge not an investment vehicle. You only make money from gold when u sell it. Until then its just money sitting there being eaten away from inflation not earning anything as long as prices remain stagnant.

Investors flock to gold on short term basis e.g days to max a week. They make their money and off they go. But most of the ppl on this thread are in it for the longer term with the hope that gold will hit that miraculous 2,000-3,000 mark. And most of these ppl don't even know how gold fluctuates in the market. They just want and expect quick gains. I know cuz I was like them before. Luckily I 'made' a small gain from the sale of my gold but overall ive 'lost' a lot because if I had invested that money elsewhere I would have made much more.

Anyway fyi, gold is now at 1,200 and will drop more before the end of the week.

See if these articles make any sense to you.

http://www.cnbc.com/2016/02/16/goldman-sac...erreaction.html

http://www.marketwatch.com/story/why-gold-...aven-2016-02-16

hm