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At what price will you start buying gold again?
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<p>[QUOTE="Andrew619, post: 9923123, member: 140011"]Sure, in the same way that everyone who buys a fractional gold coin is over paying for an ounce of gold. People who buy a 1/10 ounce coin today for $280, is really willing to pay $2,800 an ounce. That's common knowledge. A 1 oz. gold eagle today is about $2000.00</p><p><br /></p><p>If gold reaches $4000 an ounce, I would be buying a 1/4 coin every month for a total of $12,00 for the year (give or take daily volatility).</p><p><br /></p><p>Spread out over 1 year, that's more affordable to me than spending $12,000 on 3 one ounce coins.[/QUOTE]</p><p><br /></p>
[QUOTE="Andrew619, post: 9923123, member: 140011"]Sure, in the same way that everyone who buys a fractional gold coin is over paying for an ounce of gold. People who buy a 1/10 ounce coin today for $280, is really willing to pay $2,800 an ounce. That's common knowledge. A 1 oz. gold eagle today is about $2000.00 If gold reaches $4000 an ounce, I would be buying a 1/4 coin every month for a total of $12,00 for the year (give or take daily volatility). Spread out over 1 year, that's more affordable to me than spending $12,000 on 3 one ounce coins.[/QUOTE]
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