At what price will you start buying gold again?

Discussion in 'Bullion Investing' started by QuintupleSovereign, Nov 15, 2022.


At what price per oz will you start buying gold?

  1. $1800

    1 vote(s)
  2. $1700

    1 vote(s)
  3. $1600

    4 vote(s)
  4. $1500

    4 vote(s)
  5. $1400

    2 vote(s)
  6. $1300

    5 vote(s)
  7. I'll buy at any price.

    9 vote(s)
  8. I won't be buying at any price.

    5 vote(s)
  9. Other

    5 vote(s)
  1. Andrew619

    Andrew619 New Member

    I appreciate your efforts Charley but some people are just full of hate. Ha. What a joke. Not once did I ever stand on a mountain and shout look at me. I simply outlined my DCA strategy and then you got your panties all in a wad.

    My Teflon coating is just fine. I'm not bothered by your words at all. I just find your holier than thou attitude comical. Sure, you are a big fish in a small pond so rally your cronies for another smear campaign beat down. You and your words mean nothing to me. I'm just enjoying the playful banter and watching the veins on your neck bulge. I'm sorry that you are so filled with so much hate. Let us hold hands and pray. Not that it will do any good. Ha.

    You have my pity. Sincerely.
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  3. Andrew619

    Andrew619 New Member

  4. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

  5. masterswimmer

    masterswimmer A Caretaker, can't take it with me

    More like them Damn Yankees. Or The Boys of Summer. ;)
    GoldFinger1969 and charley like this.
  6. Jeffjay

    Jeffjay Well-Known Member

    Some of these postings make me glad I can't afford gold. It seems to give some a fever.
    slackaction1 likes this.
  7. slackaction1

    slackaction1 Supporter! Supporter

    I don't wear underwear no wads here! Its calming down now everything will be okay. The Charlie Talk worked............ kind of.
    Last edited: Nov 29, 2022
    charley likes this.
  8. GoldFinger1969

    GoldFinger1969 Well-Known Member

    FWIW...a good thing to do is to buy some gold at the current level...then tell yourself you will buy more if gold goes a certain amount lower....let's say $100. And maybe you'll KEEP buying for every $100 drop.

    If you have a few thousand dollars, you should be buying up to any bottom unless gold goes down like $500 or more.

    The thing with gold buying of coins....unlike stocks and financial assets, you can actually ENJOY your purchase even if it turns out you bought early/high.
    imrich and slackaction1 like this.
  9. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    As an A/C tech back in the 80,s , I remember an old saying we use to have
    do your best, and tape the rest, so in life you do the best job that you can
    and timing is everything ! I dont follow any mathematical formula on my
    purchases especially when it comes to GOLD, as they say here today gone
    tomorrow, missed out on more then a few things because I waited :(
  10. IrishLuck

    IrishLuck Well-Known Member

    Interesting discussion of the frequency of DCA. My experience has been that it really averages out. Pick a frequency and do it. If the full dollar amount isn’t available by less, but stick with the plan.
  11. IrishLuck

    IrishLuck Well-Known Member

    Also, $350/oz. That’s where I’d start buy again.
    6604AC96-94E3-4CA5-921A-688B38B85C54.jpeg DC9F2623-5439-4508-9F22-F1C80B5956A2.png
    Randy Abercrombie likes this.
  12. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Now those were the days! Thankfully I have a safe deposit box with late 1990's era gold stashed away..... I would never suggest gold as an investment plan, but I am happy with my potential return on my 25 year old investment.
  13. IrishLuck

    IrishLuck Well-Known Member

    I believe in diversifying. Though I wish I'd put more into gold back in the day. And smaller issues and make it easier to DCA out of...
    Last edited: Dec 16, 2022
    Randy Abercrombie likes this.
  14. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I guess you won't be buying gold anytime soon. :D
  15. GoldFinger1969

    GoldFinger1969 Well-Known Member

    It helps you get gold a bit cheaper and at "smarter" prices...but it won't help you generate competitive returns with stocks or bonds over the long haul UNLESS you market time your exit after a big runup.

    That's why I never say gold is an investment but rather a hedge and something to enjoy (vis a vis coins, bars, etc.).
  16. -jeffB

    -jeffB Greshams LEO Supporter

    I'm still trying to figure out what DCA should look like on the way out. If you sell a certain dollar amount each month, you'll be unloading more when the price is low and less when the price is high, which is the opposite of what you'd like to do. I guess you could sell a constant amount each month, and then you'd be "buying more money when the price is low" and vice-versa -- but that isn't very helpful when you need a predictable dollar income.
    IrishLuck likes this.
  17. IrishLuck

    IrishLuck Well-Known Member

    That’s the problem with having only 1 oz gold to work with. At least with stock and bond funds you can sell fractional shares or own ETFs that cost less than gold per share.
    I’m not doing anything monthly besides getting a “pay check” out of an IRA to supplement part-time work. I look at retirement and brokerage monthly, but seldom do anything. Once a year, rebalance stocks and bond to my personal percentages and raise cash for the following year.
    DCA out of gold when you are limited by weight instead of a dollar amount is trickier, it seems to me.
    And you have to consider taxes (28%).
    Like everything in life, there is no one size that’s going to fit everyone.

    BTW We have no heirs to leave this stuff to so that also makes a difference how we handle stuff in our 60s.
  18. IrishLuck

    IrishLuck Well-Known Member

    I'm a seller at my age. That's why the gold coins I just inherited my not make it (with their stepped up cost basis and all).
  19. IrishLuck

    IrishLuck Well-Known Member

    I've never had any lucky timing in a window narrower than 20 to 30 years.
  20. Collecting Nut

    Collecting Nut Borderline Hoarder

    Snd I feel the same way. We’ll never see that price in my lifetime.
    Randy Abercrombie likes this.
  21. IrishLuck

    IrishLuck Well-Known Member

    I actually started buying so I could shave it to trade for ammo. Life’s changed a lot since then; I have plenty of ammo. Lol
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