My produce man told me to buy gold is it time to sell?

Someone here on the forum I dont remember who said that when your door man or trash man tells you to buy gold its time to sell!. Well, yesterday the meat and produce guy at the store I shop at suggested I should buy some gold! (is it time to sell?????)

 

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There's a reason he's a Meat & Produce guy...SELL! SELL! SELL!!!

 

This guy probably know about as much as anyone concerning the future price of gold.

 

Perhaps Psychic Friends Network can channel in Mr. Whipple and the Tidy Bowl Man to find out what they are doing with their gold holdings.

 

I am beginning to think we are in a gold bubble.

I do not know when the bubble will burst but it will.

People might make money in the short term but I would not be a long term buyer at these prices.

 

buy buy buy...max out your credit cards if you have to...the sky is falling!!

 

Yankee, I must apologize :bow: because for the longest time I have erroneously thought you too were a meat and produce man based on the headlines and inquiry posts you supply us with on the subject. ...(jk)

 

Maybe it's time to lock in profits on part of your gold and reduce your cost basis on the rest? Warren Buffett: "There's never anything wrong with taking a profit." My two cents.

 

Yes, never underestimate the value of advise from a produce man. It may save you from financial ruin.

 

We know that Mr. WB rarely sells, but when he does, people tend to take notice. Another thing famously quoted is, 'you should never invest in a business that you do not understand.' It's simple advice and applicable to many situations.

 

One of the most successful men I knew was my one of my best friends father who was a barber in the bronx.

 

Can you provide a source for that "quote?" It is very un-Buffett. Also keep in mind that WB sold his 120 million ounces of silver at $7.

There are so many skeptics here about the potential rise in gold that it seems unlikely that we are at the top. When everyone is bragging about how much gold they are buying and when fortunes are being made weekly, that will be the top.

 

oooooooooooohhhhhhhhhhhh noooooooooooooooo I'm gonna git hit by a meteorite ! I'll be drowned by flooding caused by polar ice caps melting :headbang:

Gonna bury all my stuff in a geocache in my backyard... the guv'mint is comin' fir my gold, guns, and ammunition !

 

IMO - a lot talk about the recession being over and the dollar strengthening. That is for the US, if we were to see a global recovery then gold would flattening and then possibly starting heading down.

Some barometers to watch are the TV ads for selling gold. When these slow down the gold market is going to flatten out.....

 

Funny you brought this up. I have not seen that many lately.

I really don't know if that means anything, but I was thinking the same thing....maybe I'm just not catching them at the right time....

 

The cash for gold ads are there.... if you wake up inbetween all the presidental addresses!!!!!!!!! I believe he may be doing a cash for gold ad in the future as well. Gotta fund big gov somehow!!

 

I suspect that the "Sell you Gold" commercials will transition to more "Buy Gold"commercials. The big dealers will want to dump inventory if their analysts suspect a price downturn...

 

Is it possible that we are just overthinking the opponent and psyching out our ourselves?

Doesn't gold supposedly have much much more to climb? Like $1650-2000 and even possible $5,000 if things get really bad?

We are just at an all time high of $1070......surely the ride isn't over?

 

I thought it was overpriced at $900 so what do I know.