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<p>[QUOTE="-jeffB, post: 2177656, member: 27832"]That's the same thing I find myself doing -- even though I should know better. The problem is that <b>you can't identify a dip or a crest except in hindsight</b>, and you can't use hindsight to lock in prices.</p><p><br /></p><p>Here's a handy chart. Buying the "dips" marked in <span style="color: green"><b>green</b></span> would have worked well; buying the "dips" marked in <span style="color: red"><b>red</b></span>, not so much.</p><p><br /></p><p>[ATTACH=full]421260[/ATTACH] </p><p><br /></p><p>Oh, and one more thing. No matter <i>which</i> of the marked dips you bought, <b>today you're under water</b> on your entire investment.</p><p><br /></p><p>If you wait long enough, the gold price will rise again. But that wait might be a matter of months, or it might be a matter of decades. Be sure you're ready for a long haul that could be very, very long indeed. And think really hard about what yield-producing <i>investments</i> would be doing during that same time.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 2177656, member: 27832"]That's the same thing I find myself doing -- even though I should know better. The problem is that [B]you can't identify a dip or a crest except in hindsight[/B], and you can't use hindsight to lock in prices. Here's a handy chart. Buying the "dips" marked in [COLOR=green][B]green[/B][/COLOR] would have worked well; buying the "dips" marked in [color=red][B]red[/B][/color], not so much. [ATTACH=full]421260[/ATTACH] Oh, and one more thing. No matter [I]which[/I] of the marked dips you bought, [B]today you're under water[/B] on your entire investment. If you wait long enough, the gold price will rise again. But that wait might be a matter of months, or it might be a matter of decades. Be sure you're ready for a long haul that could be very, very long indeed. And think really hard about what yield-producing [I]investments[/I] would be doing during that same time.[/QUOTE]
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