Gold Purchase

[Glenn]

Gold is down in price 23% from its high just a few months ago. So is this a good time to buy?

 

[DakotaDocMartin]

I bought a bunch of silver figuring it was on the way up. So far, it's been going back down. You never know for sure...

 

[DKanger]

Your choices are simple:
a. If you need it now, buy it.
b. If you think it's going to go up, buy it.
c. If you think it' going to go down, wait.

 

[DakotaDocMartin]

This is a good place to check out the up to the minute prices and you can also view graphs showing where it's been in the past:

http://www.goldprice.org/

 

[RoycroftRon]

My college professor told me to always invest in the material that you work with. If the price goes up you can raise the price of your work to match. If it goes down it is only a fraction of the cost of your work. I always try to keep a couple of years worth of material around just incase it spikes. Needless to say I am running a little low as of late.

What you really have to look at is it a price you are willing to buy it at. The price will eventually go up. I think the silver market is not as inflated as gold is. I would only buy as much gold as you think you will use in the year. Silver on the other hand is probably not going down much.

I hope I am wrong of course.

 

[M. J. Atkinson]

As the pork belly futures man said, some people think the market's going to go up, some people think it's going to down. I do too. Whatever you do, do it soon. Mike