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Do You Think it is time for gold now? email this discussion to a friend?

lphptrader (22)   ranked 5,499 out of 6,490 in making money2 months ago

Gold price have been boost to a new high record, very interesting. Do you think it is time to buy gold now? or is it time to sit back and watch since the price is just too high right now. Maybe some of you can share your thoughts about gold right now . Thanks:)

 
 
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tags:  gold, making money, invest, investing
 
1. myLot reputation of 90/100. taztheone (1214)   ranked 1,303 out of 6,490 in making money   2 months ago

Even though I don't wear gold, I think a day will soon come when common people can never buy gold. All the women at my home wears gold, I wonder what they might be thinking. wink
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lphptrader (22)   ranked 5,499 out of 6,490 in making money  2 months ago

So why you think that common people can not buy gold anymore? I think gold will always be interested to everyone in the world since a lot of people use it for jewelry, especially women loves it ( I agree with you that's why you said all women at your home wears gold):). Investor sometimes also use to buy gold to protect their asset. Thanks:)

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2. bantoogi (20)   3 weeks ago

I think the time IS now, indeed.

The world is running out of gold. Gold producers are producing less gold per annum. Gold exploration is finding less and less of the yellow metal.

India just bought 200 metric tons of gold from the IMF.

Clearly, the demand is very high, and more importantly the supply is dwindling.

As well, I believe we are going to experience hyper-inflation over the next several years because of the massive money printing in order to bailout troubled US banks. This devalues the dollar, and hence people look to gold as an inflation hedge, thereby boosting demand further.

So get in now, if you can afford it.

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3. bantoogi (20)   3 weeks ago

oh, one more thing. I'll let you in on a secret.

If you can afford gold, what do you buy?

Well, think about it. Gold supply is running out. Governments want it, people want it. What happens when it runs out? People will turn to something else as an inflation hedge. And here's the secret. They will turn to silver, the next best precious metal after gold. And silver is still affordable at around $17.50 per ounce. Once people and the market catch wind of this, silver will rise dramatically as well.

So, this is what I'm doing now: loading up on silver, lots and lots of it.

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