Is now the time to buy Gold?

Question

with prices below 800.00/ ounce how much farther can it fall?

Answer 1

The lower it goes the more you should buy but don't buy it all at once slowly invest and divest depending on the market.  In other works pretend you have 10 thousand to invest.  I am making this up as an example.  Buy 2 thousand worth of gold now and hold it.  If gold falls too say 700 dollars an ounce buy another thousand worth if it then falls to 600 buy another thousand worth if it falls to 500 buy another 1000 and so on down EVENTUALLY you will HAVE to make money since their is an ever limited supply of gold and it will go up eventually you should make this a LONG TERM investment though not a quick buck scheme.  Use my above example with the total amount of money you have to invest accordingly.  If gold goes up SELL some of it.  So for instance using my example say you invest 2 thousand now and it goes to 800 dollars an ounce sell 1 thousand.  

GOOD LUCK!!

Answer 2

Some people say that gold can fall all the way to $600 per ounce.  Whether it will fall that much or not nobody knows.

But for the long term, gold is likely to go up in price due to economic problems around the world, which are probably just beginning now.  The gold price can fluctuate up and down a lot.  But Gold will never become worthless the way some paper currencies have become worthless in the past.  Which means that it's less risky to keep your savings in gold than in paper money.

Answer 3

Ask the people that bought it at 998.  I see some support at 700, but I would rather buy companies than guess on gold.

Answer 4

i have no idea but my parents are thinking about doing that and then saving it for a while then selling it.

i think they said something about it being a good time.

Answer 5

It depends.  If you think that the government has beat inflation, or is likely to beat it anytime soon, then no, it is not the time to buy gold.

If you see the price of everything increasing at 10% a year or faster ( the official figures lie shamelessly) like I do, then it is an excellent time to buy gold.

Grandpa

Answer 6

Yes it's a very good time to buy gold.

Today it's 786.20 an ounce.

http://www.allamericangold.com/

Answer 7

To answer your question directly, NO it is not yet time to buy gold.

IMO, Gold seems to be headed to support at this time. If you intend to go long on gold, wait for it to go up, then pullback. If that pullback holds at and around support level, then buy when prices start moving up. If support fails, look for entry to go short on the other side.

I know my answer here does not seem conclusive. I am a technical trader. I do not buy or sell a position just by looking at absolute price. Instead, I look at how the market moves around certain levels.

To understand how this works, here's a link to learn something about  technical analysis-- http://www.investopedia.com/terms/t/tech...

Good luck!

http://jsforex.blogspot.com

Managed Accounts - Forex Trading

Answer 8

My projection is for 600.00

Answer 9

It depends on the dollar.  If the dollar continues to get stronger gold will continue to fall.  Gold is not a good investment, it is simply a hedge against inflation.  Gold went to $850 oz in 1980.  28 years later you still only have $790.  The difference is that adjusted for inflation, gold at the 1980 high was worth $2017 in today's dollars.  In other words, gold has lost 61% of its value since January 1980.  If you think the dollar is going to weaken further, and that oil is going to go back up, then you may have a case for gold going up.  Otherwise, look for it to continue to fall.      

Answer 10

ABSOLUTELY NOT!!!!!!!!!!!!

Gold will hit $400 before it hits $900. One of the biggest mistakes beginning investors make is to rush into momentum stocks when the smart money is rushing out. Big investors are pulling their dollars out of commodities, they are not going to turn around and put it right back in. You have to figure out where they are going to put their money next. Actually you already missed the next move. The money moved to tech. But that move is pretty much over. You need to figure out where they are going next. But gold is dead, it will not be coming back for years.