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<p>[QUOTE=&quot;goldcollector, post: 573529, member: 9088&quot;]Yes, Sold it all around the $985 spot level on the other forum BST for a little over $1000 an ounce. I dont have any at all right now. Looking to get back in, but not at $880. Just saying that if a few things happen and gold does fall toward $600, dont expect that to be a guaranteed floor. When gold falls a lot like that, it might create a floor, or it might snowball as many try to get out before it falls farther. And that only worsens the fall.</p><p><br /></p><p><br /></p><p>I mean, 2 years ago with the DOW over 14,000 everyone would have said HELL NO I WOULD NEVER SELL AT 9000. I would buy more at 9000. But when it fell to 10,000, then 9,000 they were still selling. When GM was high, noone would have thought they would sell that stock at $5, but when it was $5, the selling was massive.</p><p><br /></p><p>The same could happen for gold. Not saying It will, but it definitly could. Things change. Let the stock market go into full rebound mode, let the fed funds rate go from .25 to say 5 or 6, let the real estate market rebound big, let bank int rates go to 5 or 6 percent again and we could easily see $300 gold again. As impossible as that seems today, and I agree it does seem hard to see today. But nonetheless, I think its very possible we see gold at $300 or $400 again. </p><p><br /></p><p>How much of this is speculation anyway ? I admit thats what I was in it for. And if I get back in ( wont unless it falls to 550-600), it will be just trying to make some $$$. Yes gold coins are beautiful, but if someone drops $1000 for a coin, they are looking to make money not as a permanent hold. In most cases.[/QUOTE]</p><p><br /></p>

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