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Just Bought My First Bullion - How Did I Do?
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<p>[QUOTE="RickieB, post: 750940, member: 2486"]Joe Smith:</p><p><br /></p><p>You need to look at Golds cycle over the past 5-7 years...if you think Gold gold will not retract, then indeed you are a fool.</p><p>I did not say that it would go back to 1933 prices by any means...if you bought it like I did in a low range, then when the economy settles back down so will the metals. We are not on a Gold Standard anymore.</p><p><br /></p><p>The economy is in recession and gold does good in these times and may continue to do so for the short term...pity the fools who buy at high and even higher prices still. The stop loss I am talking about for the coins is simply set a low point threshold..when you hit it, sell it off to prevent additional losses if you have no tolerance for risk!</p><p>I am not talking about a "stock" stop loss order</p><p><br /></p><p><br /></p><p>Clowdsweeper:</p><p><br /></p><p>It will never ever again reach that point, you know that.</p><p><br /></p><p>When the dust settles from these economic times I see gold back in the 600-700 range...I got in and then I got out.</p><p><br /></p><p>Good luck you guy's..</p><p><br /></p><p>RickieB[/QUOTE]</p><p><br /></p>
[QUOTE="RickieB, post: 750940, member: 2486"]Joe Smith: You need to look at Golds cycle over the past 5-7 years...if you think Gold gold will not retract, then indeed you are a fool. I did not say that it would go back to 1933 prices by any means...if you bought it like I did in a low range, then when the economy settles back down so will the metals. We are not on a Gold Standard anymore. The economy is in recession and gold does good in these times and may continue to do so for the short term...pity the fools who buy at high and even higher prices still. The stop loss I am talking about for the coins is simply set a low point threshold..when you hit it, sell it off to prevent additional losses if you have no tolerance for risk! I am not talking about a "stock" stop loss order Clowdsweeper: It will never ever again reach that point, you know that. When the dust settles from these economic times I see gold back in the 600-700 range...I got in and then I got out. Good luck you guy's.. RickieB[/QUOTE]
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