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<p>[QUOTE=&quot;-jeffB, post: 1338405, member: 27832&quot;]Here&#039;s another way to look at it.</p><p><br /></p><p>If you bought gold any time between Jan 1 2011 and Jul 13 2011, and held it through the end of the year, you&#039;re at least a little ahead. (Potentially more than a little bit; you could&#039;ve bought at the low of $1320 on Jan 28, for an 18% gain.)</p><p><br /></p><p>If you bought gold any time between Jul 13 2011 and Dec 28 2011, and held it through the end of the year, you&#039;re at least a little behind. (Potentially more than a little bit; you could&#039;ve bought at the high of ~$1900 on Sep 5-6, for an 18% loss.)</p><p><br /></p><p>All this, of course, assumes that you buy and sell precisely at spot. If you have a good trick for doing that, without any bid/ask spread or commissions or other expenses, I&#039;d love to hear about it.</p><p><br /></p><p>If you&#039;re holding gold now, you&#039;re gambling that it will rise in the future. You&#039;re probably right. If you&#039;re selling gold now, you&#039;re gambling that it will fall in the future. You&#039;re probably right.[/QUOTE]</p><p><br /></p>

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