Sell my gold now?

Raavak · #1 08-03-2011, 12:56 PM

Gold up $50 an ounce since Monday, $165 since the end of the 2nd quarter. Should I sell and make big monies?

I'm thinking we are still in for a storm... Let it ride!

What do you think?

EkireiTheNecro · #2 08-03-2011, 01:10 PM

I'm thinking I couldn't care less.

Feachie · #3 08-03-2011, 01:21 PM

yet you cared enough to type a reply and hit post. you show your apathy in stupid ways.

op, it's still on an upwards trend.

Messianic · #4 08-03-2011, 01:24 PM

Quote:

Originally Posted by Feachie [You must be logged in to view images. Log in or Register.]

it's still on an upwards trend.

^

I won't do the math for anyone who's too lazy to do it, but compare the 1980 high to the recent highs in 1980 dollars. We're not there yet.

Feachie · #5 08-03-2011, 01:28 PM

i'm not invested in gold. if you have that much info on the subject why are you quoting me, why not help the op that asked?

Raavak · #6 08-03-2011, 01:50 PM

Quote:

Originally Posted by Messianic [You must be logged in to view images. Log in or Register.]

I won't do the math for anyone who's too lazy to do it, but compare the 1980 high to the recent highs in 1980 dollars. We're not there yet.

That's probably a good level to watch for. Looking at SPRD etf the price is over on 30 day and 200 day moving average which would tend to predict a leveling off or decline.

Quote:

Originally Posted by Feachie [You must be logged in to view images. Log in or Register.]

i'm not invested in gold. if you have that much info on the subject why are you quoting me, why not help the op that asked?

He's agreeing with ya bro.

JenJen · #7 08-03-2011, 02:31 PM

definitely wait and keep your gold.

example ; in the last year or two a tiny gold sovereign coin u.k was worth £60-80.

Now? try £230 FOR ONE. I've inherited a lot of sovereigns recently. im chuffed to say the least [You must be logged in to view images. Log in or Register.]

Pico · #8 08-03-2011, 03:08 PM

don't wait too long, gold is a huge bubble right now and will burst like every other bubble

Feachie · #9 08-03-2011, 03:24 PM

Quote:

Originally Posted by Raavak [You must be logged in to view images. Log in or Register.]

That's probably a good level to watch for. Looking at SPRD etf the price is over on 30 day and 200 day moving average which would tend to predict a leveling off or decline.

He's agreeing with ya bro.

he's not really. the buying power of a dollar in 1980 was a few times greater than it is today, i think that's what he was trying to vaguely say.

his point is moot because I doubt you invested your money in 1980. You probably did less than 10 years ago, which saw roughly 2% inflation annually from 2000-2011.

i'm not an economist or a financial advisor, i play with plants.

deakolt · #10 08-03-2011, 03:29 PM

you mean you smoke a lot of weed