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At what price will you start buying gold again?
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<p>[QUOTE="-jeffB, post: 8668978, member: 27832"]I know it'll eventually reach higher, if only due to inflation. But in the short term, I don't know what it'll do first: rise a lot, or fall a lot.</p><p><br /></p><p>If it suddenly swoons to $1300 or lower, I'll be <i>somewhat</i> more likely to buy -- but at that point, I wouldn't be surprised by further drops. By the same token, if it goes up well above $2000, I'll be <i>somewhat</i> more likely to sell, but more likely still to hold on and see how high it goes.</p><p><br /></p><p>If it suddenly doubles or halves, I'll probably be worried about the disaster causing the movement, and won't want to make rash decisions in either direction.</p><p><br /></p><p>I feel a little regret that I didn't buy more when it was lower, and that I didn't sell more when it was higher. But only a little, because I know I can't make decisions based on hindsight.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 8668978, member: 27832"]I know it'll eventually reach higher, if only due to inflation. But in the short term, I don't know what it'll do first: rise a lot, or fall a lot. If it suddenly swoons to $1300 or lower, I'll be [I]somewhat[/I] more likely to buy -- but at that point, I wouldn't be surprised by further drops. By the same token, if it goes up well above $2000, I'll be [I]somewhat[/I] more likely to sell, but more likely still to hold on and see how high it goes. If it suddenly doubles or halves, I'll probably be worried about the disaster causing the movement, and won't want to make rash decisions in either direction. I feel a little regret that I didn't buy more when it was lower, and that I didn't sell more when it was higher. But only a little, because I know I can't make decisions based on hindsight.[/QUOTE]
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At what price will you start buying gold again?
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