Which Way For Gold? Up? Down? More Of The Same?

Very small is higher than zero.

But I get your point.

i was on my way out to feed kitties late last night when I crossed paths with one of my neighbors who's a sheriff's deputy at the airport. he was just stopping by his place to check on his dogs. he stopped his car in the street to chat, he from inside his patrol car, me standing there with my bike. we talked for maybe 10 minutes. one of the things we covered very briefly was gold.

"you see what gold's been doing?" he asked me.

i said, "yes, I watch it every day." as of that moment, gold was hovering around $3583.

"now's the time to sell!" he said and he began talking about his gold chain, bullion, etc. he's convinced that now is the time due to gold hitting historic highs and that it was most likely going to fall back.

i would imagine there are sellers and that now is a good time to sell some gold, if you were so inclined.

"if I had any money i'd buy yours", I said.

"nooooo", he said. "you don't want to be a buyer right now. you want to sell now."

I'm playing the long game. buy and hold. gold is going to continue going up. I didn't say that to him because I really didn't want a prolonged discussion about gold right then; I was on my way out to feed kitties & find money. I really wasn't up for it at close to 1am, but I entertained his thoughts for several minutes.

he carried on for a bit until a car came around the corner and he had to move. I also continued on with my night.

he's convinced that gold will fall because it's peaked-out at historic highs and will fall. he mentioned no technicals or anything else, just that gold had peaked and was going to fall.

that's opposite of my position. I'm not selling any of mine because gold is going to continue to rise. I didn't tell him that. I'm not going to talk about my position with him. I don't really care about his position and I won't try to talk him into not selling. let him sell it, fine by me. I buy and hold, and i'll buy it whenever I can. I'm planning on a black friday purchase no matter where spot gold happens to be.

i maintain that gold continues to rise. buy and hold. go long. gold may not be this cheap again (same with silver, too, btw). free advice from FPS.

I've regretted every gold coin I've sold.

me, too... although- thankfully- it hasn't been many-- just 3. but still... two gold buffalos and a 1/2oz gold eagle, years and years past... I regret it, but I still have plenty, gratefully so.

Gold coin the size of a Three Cents silver? I have to pass.

Correct.

For the record, the gold products I regret not buying when I had the chance: The in the 5-star Generals three coin set and the 2014 JFK.

The current rise in gold is probably in anticipation of Fed cutting rates. The narrow gold price consolidation for the past 4 months seems to be enough to launch a considerable rally. I occasionally check the gold reserves of GLD to see if there has been any increase. I asked AI:

"The reason GLD's gold reserves haven't increased much during the recent gold price rally is primarily due to the nature of demand for physical gold. While gold prices surged significantly, the main driver of the rally has been central bank purchases and geopolitical tensions rather than retail or ETF accumulation. Central banks, particularly in emerging markets and geopolitical risk regions, have been meaningfully increasing gold reserves as a strategic non-sanctionable asset, which differs from the behavior of ETFs like GLD that mainly track investor sentiment and trading."

you could always acquire 1g bullion bars. sure, they're small, but it's affordable and easy to liquidate if needed.

i don't think that gold will be this 'cheap' again for a while. we'll see. I don't have a crystal ball, just a feeling. I go with my gut.

This just occurred to me.

In July 2025, some guy sold $9 billion worth bitcoin. In late August another guy sold $12.7 billion worth. Both of their cost basis were negligible, i.e. they've held the BTC for a really long time. Wonder if any of those proceeds were diversified into Au?