Investing In Gold. - Page 2 - Coin Community Forum

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Author	Replies: 20 / Views: 2,373	Page: of 2

Blue Diamond Gold Exchange Valued Member United States 97 Posts	Posted 09/25/2008 04:39 am If you intend to hold on to it for a while, I think you are OK getting in now with the price still under $900. Even short term, I expect to see some very nice spikes, representing selling opportunities for a quick score. When the U.S starts printing a lot of paper money to pay off debt, I expect a very nice strong surge which will send the gold price well over $1000 to stay. Just one man's opinion. Good luck Wardtom084. Report this Post to the Staff
Silver Eagle Pillar of the Community United States 858 Posts	Posted 09/25/2008 10:08 pm I would not buy gold right now, how much higher can it go? It is more of a sellers market. Option 1- if you have alot of money and are looking to make a QUICK buck, but short term and sell quick when rates go up. Option 2 - if you are looking long term, wait a few years for gold to go down and buy when it is really low and hold for future when rates return to high prices. Remember, history is cyclical and prices of gold will be high again in the future. Report this Post to the Staff
vermontensium Moderator United States 16679 Posts	Posted 09/25/2008 10:49 pm I just dumped mine @ $825. I bought at $665. I am waiting for Gold to get at the $500-600 level which it will again, then I'll buy a few more ounces. As Silver Eagle stated, the market is cyclical. swcoin.ecrater.com Report this Post to the Staff
wardtom084 Valued Member United States 81 Posts	Posted 09/26/2008 11:49 am Well I have been watching the market for the last week and it is interesting what it does. Still have not made any decisions as to what to do with the metal investings. I am torn between coins and bullion (I think that is what you call it) as to which to invest in. I can see where the coins might be a little easier to dump. I think that you have to pay spot price with both of these methods. Which do you prefer? Report this Post to the Staff
daviscfad Pillar of the Community United States 4541 Posts	Posted 09/26/2008 3:45 pm well spot price will be higher on certain coins than others and will be higher on coins than bars most of the time so I guess its what you decide Report this Post to the Staff
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