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Thread: Anyone Buying Gold Here

  1. #13

    Join Date
    Dec 2012
    Location
    Illinois
    Posts
    826

    Default Re: Anyone Buying Gold Here

    In a couple weeks when it reaches $500
    11.80% for 2012, 24.79% for 2013, -5.13% for 2014 , 4.94% for 2015 WTF?, -0.04% for 2016 , 13.09% for 2017======= 8.23% , Moved to Vanguard in 2018

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  3. #14

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    66,900

    Default Re: Anyone Buying Gold Here

    April 16, 2013, 8:31 a.m. EDT
    Gold’s fair value is $800 an ounce

    Commentary: What price is justified by gold’s fundamentals?
    CHAPEL HILL, N.C. (MarketWatch) — Gold’s bear market is just beginning.
    That’s the depressing assessment from Claude Erb, a former commodities portfolio manager for Trust Company of the West, and co-author — with Campbell Harvey, a Duke University university finance professor — of an academic study from last June that is looking to be increasingly prophetic.
    n that study, the authors calculate that gold’s fair value is close to $800 an ounce. Though many of gold’s true believers were inclined to dismiss such a bearish projection when their study came out, it’s beginning to be taken a lot more seriously: Bullion’s recent slaughter has eliminated more than 40% of what a year ago they concluded was bullion’s overvaluation — including $240 over the last week alone.


    Gold
    10/20/2021
    LS CRUDE Oil
    =$83.87 a Barrel, Daily Status +$.91

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  5. #15

    Default Re: Anyone Buying Gold Here

    Anybody have an opinion on Barrack Gold ABX and Silver Weaton SLW? I'm being hammered to the point where I feel like giving up..... Probably the worst time to give up.

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  7. #16

    Default Re: Anyone Buying Gold Here

    They are certainly in bear markets but there's lots of overhead gaps that need to get filled.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

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  9. #17

    Join Date
    Jul 2008
    Location
    Seattle and Philippines
    Posts
    223

    Default Re: Anyone Buying Gold Here

    I'll bet the assessment of $800 per oz...really sets some people on fire! I remember buying it back when it went to $800 years back....however needed cash so sold it lower than I bought it. The buy high sell low syndrome! Thanks for the study! I would probably buy at that price, however I don't see it going that low...too many speculators out there which moves prices up! Currently in cash...awaiting a market correction!
    Last edited by mick504; 04-17-2013 at 12:31 AM. Reason: added one line!

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  11. #18

    Default Re: Anyone Buying Gold Here

    Quote Originally Posted by burrocrat View Post
    no gold, but i'll start browsing the pawn shops for silver ingots if we can get below $20. problem is they don't like to sell it for less than they paid so they limit what is put out for sale and increase markup over spot to discourage buyers. they flat out tell you they have none, then when the price recovers all the sudden they have a ton of it again. i really only go there for the silver and used guns, and the gal in the jewelry dept. she likes to wear tank tops that are even more revealing when she bends down to pull the tray from the display case. sometimes i go in just to hold them and not buy anything.
    This is a family site. Want to clarify what you are holding?


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  13. #19

    Join Date
    Mar 2009
    Location
    Colorado
    Posts
    1,827

    Default Re: Anyone Buying Gold Here

    If gold goes into a sustained correction / slump all of the gold mining reality TV shows should go away.

    I will take a closer look if it gets to $1200

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  15. #20

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,353
    Blog Entries
    45

    Default Re: Anyone Buying Gold Here

    I need a huge margin of safety to get involved with PM's. GDXJ and GDX are way oversold and nearing a good buy point when GDX hits $20 though GDXJ might be a better pick seeing that it's hitting all time lows.

    Would never invest in GLD.

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  17. #21

    Join Date
    Apr 2005
    Location
    Gainesville, Florida, USA
    Posts
    24,244

    Default Re: Anyone Buying Gold Here

    I did buy several hundred shares of GDXJ on Tuesday and am prepared to acquire more as it continues to weaken.

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  19. #22

    Join Date
    Jul 2008
    Location
    Seattle and Philippines
    Posts
    223

    Default Re: Anyone Buying Gold Here

    Wow...they've been in negative returen territory for some years now...a bit risky for me...thanks for the info though!

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  21. #23

    Default Re: Anyone Buying Gold Here

    I bought gold coins in 2005 @$700 and sold them all last year @$1650. Made a nice profit...paid cash for a new car, put away a 6 month emergency fund, and just paid for a 3 week adventure/vacation to South America. Gold has been berry, berry good to me.

    Maybe I'll find some gold treasures along the Inca Trail.

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  23. #24

    Default Re: Anyone Buying Gold Here

    I guess Goldman Sachs covered their short position on gold. They are not saying they are bullish on gold now, but they said the 10% gain in their position was enough.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

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