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You don't want to buy gold NOW, why buy when the market is UP. Buy low, sell high. Gold is at all time highs right now, NOT the time to buy.
Gold has not caught up with its March 2008 highs of over $1,000. $943 is not an all-time high. The best part is, gold would have to be $2500 just to match its 1980 price of $850 in inflation-adjusted dollars!
For a lot of folks wanting to get in the Gold market , a better choice at this time , is invest in the miners
Look for Companies that have strong gold reserves. , that are producing , and do not have a huge debt.
Advice is everywhere , once you start looking , do your own due diligence , like any other commodity.
You know what's funny? In 3-5 years we are all going to be hanging around this board and somebody will post a very similar graph but the title will be "How bout that S&P500?"
I'm not trashing gold (other than it might not be a suitable buy right now)...but just pointing out what everybody has been hinting at. Are you positioned now to where you want to be in 3-5 years? Or even longer?
You know what's funny? In 3-5 years we are all going to be hanging around this board and somebody will post a very similar graph but the title will be "How bout that S&P500?"
I'm not trashing gold (other than it might not be a suitable buy right now)...but just pointing out what everybody has been hinting at. Are you positioned now to where you want to be in 3-5 years? Or even longer?
No one knows that...
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