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<p>[QUOTE="Rono, post: 259139, member: 6492"]<b>when to stop buying gold?</b></p><p><br /></p><p>Howdy all,</p><p> </p><p>There are all sorts of opinions about the future of gold and the other precious metals. Gold predictions range from back to $300 to upwards of $8500. Who's right? Who knows.</p><p> </p><p>I'm of the camp that we're at the early stages of a bull market in the precious metals and they all have a LONG way to run. This is based upon not only the relative price of the US$, but the fact that most of the Central Banks are printing money like drunken sailors. This is flooding the globe in cheap and getting cheaper fiat currency - relative to real stuff. And gold and silver are real stuff. </p><p> </p><p>Most bull markets start slow and continue to go upwards until they hit the mania point - where everyone's buying and cabby's are giving you advice. Until we reach this point, it's still buying time. When we reach the mania point, it's time to sell. At what point that'll occur? I have no idea.</p><p> </p><p>I'm still buying and plan to buy much more.</p><p> </p><p>peace,</p><p> </p><p>rono[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 259139, member: 6492"][b]when to stop buying gold?[/b] Howdy all, There are all sorts of opinions about the future of gold and the other precious metals. Gold predictions range from back to $300 to upwards of $8500. Who's right? Who knows. I'm of the camp that we're at the early stages of a bull market in the precious metals and they all have a LONG way to run. This is based upon not only the relative price of the US$, but the fact that most of the Central Banks are printing money like drunken sailors. This is flooding the globe in cheap and getting cheaper fiat currency - relative to real stuff. And gold and silver are real stuff. Most bull markets start slow and continue to go upwards until they hit the mania point - where everyone's buying and cabby's are giving you advice. Until we reach this point, it's still buying time. When we reach the mania point, it's time to sell. At what point that'll occur? I have no idea. I'm still buying and plan to buy much more. peace, rono[/QUOTE]
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