Tell me about it. People said after the election gold would hit $1,400 before the end of this year. I have been waiting to sell some tenth oz. gold Eagles. One is a slabbed 2006 NGC MS-69 that I paid $150 for years ago. Can't even get my money back at this rate. I guess the tactic is continue to hold 'em.
$1100 ?? back when gold was $400ish /oz I had a plan of buying a tube of St Gaudens. I still have that plan but have yet to start. Maybe if it drops enough I'll be able to get one. Though I shouldn't have bought that WLG from the mint this month.
The speculators among us would probably have better luck predicting the ups and downs of a seesaw. Que sera, sera! Chris
When any market loses support like this one has, trying to pick the bottom can be hazardous to your wallet.
Consistently buying on the dips helps to keep an overall cost per ounce average down. I have put myself in a position that if it goes up that's great but if it goes down that is great as well, Win, win.
I'm waiting for it to go up so that 14k gold ring I bought for $50 bucks will actually become worth as much as I paid for it...
