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Is it time to sell gold at $1340 per ounce?
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<p>[QUOTE="almostgem, post: 3382806, member: 20875"]I agree with Brian, this country is headed for a major crash. When that happens the whole world will suffer. I too am close to retirement and worry primarily about healthcare, so have passports renewed. My wife is fortunate, her heritage allows her to have two passports so she can travel on a European passport. Americans are not well liked around the world, and after a crash will probably be less liked. Where gold is concerned, dollar cost averaging is the way top go, buy at regular intervals and keep track of what you paid. Again, we're fortunate that most of our collection was amassed before 2008 and was purchased well under 500/ounce. Keep in mind that even if gold declines something will eventually happen to make it go back up again. I had a friend that got caught up in the silver frenzy in 1980. He bought several hundred ounces of silver at about 11/ounce. When it came back down he lamented that he couldn't get sell because of the loss he'd take. I hope he held out until it hit 40/ounce in 2011, but I'm guessing probably not.[/QUOTE]</p><p><br /></p>
[QUOTE="almostgem, post: 3382806, member: 20875"]I agree with Brian, this country is headed for a major crash. When that happens the whole world will suffer. I too am close to retirement and worry primarily about healthcare, so have passports renewed. My wife is fortunate, her heritage allows her to have two passports so she can travel on a European passport. Americans are not well liked around the world, and after a crash will probably be less liked. Where gold is concerned, dollar cost averaging is the way top go, buy at regular intervals and keep track of what you paid. Again, we're fortunate that most of our collection was amassed before 2008 and was purchased well under 500/ounce. Keep in mind that even if gold declines something will eventually happen to make it go back up again. I had a friend that got caught up in the silver frenzy in 1980. He bought several hundred ounces of silver at about 11/ounce. When it came back down he lamented that he couldn't get sell because of the loss he'd take. I hope he held out until it hit 40/ounce in 2011, but I'm guessing probably not.[/QUOTE]
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