Buy Today (11/1) or wait?

Apmex and others are promoting buying before the election, and I saw at APMEX some Pamp Suisse 1 oz .999 gold bars in plastic holders for 19.99 over spot, actual price $1372. each.

Should I buy today? What's gold going to do following the US Elections?

 

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I would think that if PM dealers are promoting buying before the election, they are expecting it to go down to re-buy cheaper. They are in the business of maximizing their income. However, I don't know how anyone could predict if and how the elections would affect PM, other than a wild guess.
Jim

 

Only you know whether you should be investing in any given thing, how much and when to do so.

Invest only when fully self-informed. Anything short of taking the time to inform yourself is a huge risk in this case.

NO ONE CAN TELL YOU HOW PMs WILL PERFORM (.) period.

 

Sorry, but my crystal ball is on the fritz.

 

That's what I fgured. I was hoping at least one of you guys had been to the Future and come back with definitive knowledge. Thanks.
Bill

 

I haven't been around a Ouija board for years but my guess is, if you have to ask then hang onto your money and forget about all the hoopla from the gold selling corps.

http://en.wikipedia.org/wiki/Ouija

 

Buy before the election? Might as well use that logic and buy before a full moon, or trash day, or 99 cent taco night....as I don't see it making any more difference.
Guy

 

Actually, fellas, I was looking for some real comments. You know, views of what the market might do if the elections does this or that. I know the gold sellers have a reason for doing a big promo today. I'm not naieve.

Buying today aside, what do you guys think Gold might do in response to a conservative takeover of the Hse of Reps?

 

What would be of interest to long term PM holders are some of the Christmas forecasts of sales, such as TV. According to Bloomburg and Minyanville.com, Sony, Samsung, Target and others see a deflationary future more than an inflationary future. The personal consumption expenditure ( PCE ) index has fallen from 1.7% at the beginning of the year to 1.3% ( excluding food and energy). This is one of the preferred measurements of inflation. It doesn't matter too much what you hold, deflation can be a financial killer. You might be able to get a new TV at 25% + off for Christmas, if you decide not to wait for possible deflation where the price will be lower and lower and lower....... I don't worry too much about inflationary, but deflationary scares me financially.

Jim

 

yep, completely agreed.

 

here's what I'm thinking - if Republicans win many seats stock market goes up gold goes down (short term) Dems keep most seats stock market dips or stays about where it is and gold stays or goes up some. Longer term gold up and up partly due to Feds lunacy of promoting inflation. Apparently they believe they haven't tortured us enough.

I'm moving some treasuries money to S&P index fund and more to small business fund not buying any more gold for right now.

 

Real answer, huh? Well, if I had to guess, and thats anyone here or anywhere can do, I'd say gold is about to drop. Why? Because when the economy is doing good people don't panic and buy gold, they spend money. I can say with absolute certainty the economy is coming back strong, far stronger than it did in the 90's. I know this because I work in the shipping business and have seen a surge of over 250% the past two quarters. You might say, yeah, then why are so many still out of work and so on and so on, but those things take time to recover, it doesn't happen overnight. So, based on massive increases in people buying things and industry straining to keep up with demand, I'd say the days of panic stricken "investors" or savings hedgers are near their end. When that happens, as we've seen in the past, bullion will plummet. Now, thats my assesment based on what I'd do. I reccomend you do some basic research and come up with your own if you truely want to know and stop relying on others to do the work for you and then blame them if and when things don't go as you want. Best of luck.
Guy

 

I keep my eye on, amomg others, shipping (UPS, FedEx, RRs, YELL - trucking, temporary employment, including my bros agency before he sold it (Robt hall is another good one), Joseph banks clothier, (business wear), big construction, et al
when these sectors start to stumble (unless seasonal) I unload when these sector start to pick up i buy selectively. Many many years ago used to use tech (intel, dell, cisco, msft applied material -this was a great one, et al ) to help predict UP/Down swings

because of massive international debt and looming inflation i believe PM is definitely on the up swing long term.
BTW, no more AGE for me I'm buying 24K only.

Everybody needs to do DD.

 

I foresee a drop in metal prices within the next 2 months since this September and October saw unusually high buying. Nearing the end of the year, people will offload a bit of their precious metals and that'll be when I'll buy. But I may be completely wrong, hopefully not though.

 

I was planning on leaving tonight for next march, but the darn plutonium supplies are getting low, and we ain't getting too many thunderstorms this time of year. Anyone know anything about flux capacitors?

 

Not asking for anyone to "do my work for me." Just wondering about opinions and seeing if any of them went along with what I've dug up myself. I won't act on anybody else's recommendations, especially on this or any other forum -- except for one recommendation: To do my own DD.

How come you guys are all so free and easy with your opinions ... until somebody asks for them. At that point, you all pile on with smart answers. Why is that?

 

I think it was confusing when you asked, "Should I buy today?". That type of question is asking for direction.

A opinion query sounds more like, "Do you think the X will be effected by Y?"

So many people recently have joined the forum recently and ask questions like ; "Should I spend my 10K on gold colored coins today?" Those types of questions dont seem to fly well on this forum.

 

I've put my money where my mouth is - due to Fed policy as the dollar gets weaker, which it will, by around 15 - 20% gold will increase in value.
try to balance that by uptick in corporate hiring, transportation, etc, and i believe Fed induced inflation, there is a murky economic scenario on the horizon.

opinions are like a**sholes everybodys' got one.

 

I have found that the less one knows about a subject, often they are the quickest to give opinions/answers. Why? Because ones on the forum that have the knowledge and research ability to give supported answers are often the ones least likely as they truly understand the variables and statistics of the question and do not feel comfortable in saying simply "yes" or "no". And your question was asked before the national election, and its effect on PM ( if any) couldn't have been clear. Still isn't.

There are some I pay close attention to when they post as they have demonstrated that they have thought the situation through thoroughly. The majority on this forum are gold and silver hoarders and not true investors IMO.

Investing requires a large amount of non-biased research. IMO.

Jim


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It is only with this post that you are soliciting 'opinions' looking back to your first post. Originally, you did not ask for 'opinions' as much as solicited our 'advice' and asked for something that no one can tell you, how PMs will perform at a future point in time.

The advice I gave you was the same as I have shared with many others on this forum who come seeking the same advice at any given point in time when the media has stoked their sentiments and emotions that politics and/or other world events are enough to base PM purchases on. That is that no one can tell you what to do in regards to your original OP in this matter nor can anyone predict what PMs will do in the future.

If you've done your homework, as you say you have, then why not tell us what you think was, at that point in time prior to starting this thread, what you felt you should have or should not have done in regards to purchasing more PMs by the specified date? Then you can sit back and read 'opinions' based on your reasons for action or inaction.

Why is that? This is why that is.