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At what price will you start buying gold again?
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<p>[QUOTE="-jeffB, post: 10062597, member: 27832"]It seems like you're still arguing against what you <i>thought</i> he said, instead of what he's <i>actually saying</i>.</p><p><br /></p><p><b>He's got a budget of $2000/month</b> for this. Right now, that lets him buy (approximately) one ounce per month.</p><p><br /></p><p>If gold goes above $2000, he won't be able to do that. Instead, he'll buy a half-ounce each month. At that point, he'll be <i>buying less gold</i>, which is the point of dollar-cost averaging -- buy less when it's expensive, buy more when it's cheap.</p><p><br /></p><p>If gold goes above $3000, with half-ounce coins over $1500, he'll <i>slow his buying further</i>, by switching to quarter-ounce coins.</p><p><br /></p><p>If gold goes above $4000, he'll stop buying entirely.</p><p><br /></p><p>Yes, the premiums are higher on fractional weights -- but if you don't have the budget for a full ounce, you can either buy smaller, or not buy at all. And those premiums <i>do</i> apply to some degree in both directions -- that is, you get some of it back when you sell.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 10062597, member: 27832"]It seems like you're still arguing against what you [I]thought[/I] he said, instead of what he's [I]actually saying[/I]. [B]He's got a budget of $2000/month[/B] for this. Right now, that lets him buy (approximately) one ounce per month. If gold goes above $2000, he won't be able to do that. Instead, he'll buy a half-ounce each month. At that point, he'll be [I]buying less gold[/I], which is the point of dollar-cost averaging -- buy less when it's expensive, buy more when it's cheap. If gold goes above $3000, with half-ounce coins over $1500, he'll [I]slow his buying further[/I], by switching to quarter-ounce coins. If gold goes above $4000, he'll stop buying entirely. Yes, the premiums are higher on fractional weights -- but if you don't have the budget for a full ounce, you can either buy smaller, or not buy at all. And those premiums [I]do[/I] apply to some degree in both directions -- that is, you get some of it back when you sell.[/QUOTE]
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At what price will you start buying gold again?
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