Bullion: Get Ready To Buy? - Coin Community Forum

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Author	Replies: 4 / Views: 1,902
coins92 Pillar of the Community United States 851 Posts	Posted 02/10/2010 5:35 pm Poll Question As I see the price of precious metals going down quite rapidly I remember back about one year ago when metals took a hit. This was when platinum went down to about 950 and every other metal went tumbling after it. Soon after Platinum was up a couple hundred along with gold. I would like a poll on the current metal situation. Last time I made the mistake of passing on platinum when it was that cheap. Do you think bullion is going to spiral really low and then come back soon? Poll Choices Yes No Edited by coins92 02/10/2010 9:20 pm Report this Post to the Staff

RFB Pillar of the Community United States 532 Posts	Posted 02/10/2010 8:35 pm A little bit of a loaded question. I do think it will go lower before it jumps again?. Yes. But 'when' is the golden question. It was overdue for an increase but I personally think it jumped too high too fast so be considered anywhere close to solid. If looking for long term position I would strongly urge to wait and watch further before pouncing. A temp small drop should not be the ultimate call to buy as I think many are doing. If speculating on the short term then that is up to the individual threshold for risk/return. JMHO Report this Post to the Staff
adco1149 Valued Member United States 147 Posts	Posted 02/10/2010 8:56 pm Yes and no. I think it will come down and stay there for a while before it has another run. Look at 30 years of charts. Around 1980 silver was at $20+ Report this Post to the Staff
snowman Pillar of the Community United States 1840 Posts	Posted 02/10/2010 9:17 pm Here's an interesting article on gold that I recently read: http://money.cnn.com/2010/01/06/pf/...ag/index.htm I think that, with the EU promising to bail out Greece, precious metals may be at their peak. Edited by snowman 02/10/2010 9:19 pm Report this Post to the Staff
CoyoteMoss Valued Member United States 116 Posts	Posted 02/11/2010 06:05 am Just my opinion. Now is not the time to buy, it's the time to sell. Report this Post to the Staff
	Replies: 4 / Views: 1,902

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