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<p>[QUOTE=&quot;andrew289, post: 594999, member: 6463&quot;]The secret is time. You have to dollar cost average. You buy gold on a set schedule every month, 6 months or yearly no matter what the price is. That way when it comes time to sell you even out your losses over time.</p><p>&nbsp;</p><p>For example in 1993, I bought 10 ounces at $350 an ounce. I sold those 10 coins for $960 an ounce last year when gold was about $990 (about $30 less than spot on each coin). The dealer makes his money and I made mine.</p><p>&nbsp;</p><p>If you try to sell gold you bought at $900 when spot hits $980 ..you won&#039;t make much profit. Gold is a long term investment and not something to flip on a $60-$80 jump in the market.[/QUOTE]</p><p><br /></p>

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