Message:

<p>[QUOTE=&quot;desertgem, post: 527527, member: 15199&quot;]It is nice to get into a commodity such as gold or silver when the price is down. I bought some common dates and bullion when gold was under $300 in 1999, and few were buying any gold at all as they were sure it was going to $200.</p><p><br /></p><p>If one sees gold going down, they don&#039;t want to lose money so generally they don&#039;t buy, if gold is going up, they are afraid that it is too late, and they would lose money, so they don&#039;t buy. Coin Collectors make very poor speculators in gold if they buy numismatic coins as they don&#039;t easily want to sell when the profit is there. They will hold it in up and down cycles.</p><p><br /></p><p>The main thing is, if a person really has hope that the financial crisis is going to be solved before unemployment reaches 12%, and somehow every country in the world is also so bad off, that the American dollar, horribly diluted, is still the strongest fiat money, and even though nationalization of some banks might be the best alternative, the same group of failures will be running them on yours and my money, then it is too late to buy gold.</p><p><br /></p><p>If not a &quot;Hoper&quot; then you might believe gold will go beyond 1200 this year and a much higher amount in 2010, So buying at this level would not be a mistake. A year ago, less than 2% of wallstreet would have predicted today&#039;s stock level, the price of oil, or the unemployment.</p><p><br /></p><p>Jim</p><p>all opinions within are personal. Act on financial advice you can trust and sue later. ( If you can find them)<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/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