Message:

<p>[QUOTE=&quot;medoraman, post: 7426585, member: 26302&quot;]I agree about Asia, they use it as a store of value because they trust it over banks. My wife even told me about 13 years ago you always buy gold because it always goes up. Well, due to volatility her and her family now do pay attention to the markets and try to time as well. Her step father sold quite a bit when it hit near $1900. I think the mentality of buy whenever you can is breaking down a little because of the volatility and better banks there. My wife likes gold, but she told me she is not interested at this price level.</p><p><br /></p><p>Myself, I never think it will get back down to where it was previously necessarily. It will always be long term up due to an inflationary currency. The old $800 is the new $1100-1200 after a decade. The $1200 of 5 years ago (going off memory), will be $1400 in a few years. However, to me that is a far cry from $1750 and high premiums of today IMHO. Everyone of course can disagree, I am just stating my view. If it gets back down to reasonable premiums and maybe $1350-1400 in a couple of years I would again continue to amass. I do believe I posted here a few years ago how great a time to buy gold was. You may have disagreed at the time sir, but I am just saying I am sure I am on record saying it was a good time, (just for others reading who do not have CT history and think I am just making up opinions from the past, too many &quot;call the bottom&quot; in hindsight without proof and then brag they should have listened to them).</p><p><br /></p><p>I just wish I could find PT with a reasonable premium right now. As for gold, I bought some 8 escudos at a &quot;high&quot; premium because they are more coins than bullion, and will continue to buy &quot;coins&quot; I like, just not pure bullion play.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in