Posted: 7/11/2013 11:52:16 AM EDT
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Gold - has it hit the bottom?
I just bought 1 oz Coins at 1100 each. Will it go down further? Won´t scare me, I don´t need the Money now. But how much will it raise, and WHEN? Pls understand, that I am only talking Bullion Gold, 999 or more fine, with Certificate. NOT Gold "Paper" Interests and shares. And I really think, in the future those two will be regarded as separate and different values ... Hermann |
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But how much will it raise, and WHEN? http://www.merriam-webster.com/dictionary/speculation |
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I just bought 1 oz Coins at 1100 each.  Probably stolen  No. from the Bank, here in Europe. Philharmoniker They still don´t understand the difference between physical Dold and Gold shares ... which are ITSHTF only good to wipe your ... ... :D Hermann |
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I am sorry! I didn´t want the emphasis on the price I bought at, but WHAT WILL BE THE FUTURE TREND???? Hermann If any of us knew that we'd be selling you a subscription to our weekly newsletter. 
There's a thread around here somewhere where trending is discussed. |
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I am sorry! I didn´t want the emphasis on the price I bought at, but WHAT WILL BE THE FUTURE TREND???? Fair enough. I, for one, don't worry about the future trend really. I own physical gold NOT as an investment but instead as INSURANCE against my dollars becoming significantly more worthless. That has, historically, been something gold has been very good at regardless of what a currrency says its spot price it at. |
| Well... I own some metals as a wealth storage vehicle and hedge against dollar devaluation. Mining companies state some measure of the cost per ounce to produce said metals. Measures are not consistent across companies but they do provide some indication of what the miners want you to think the floor is. The assumption is that once the price falls to or below this cost per ounce miners will begin to reduce capacity affecting the supply side of the equation. Be aware that miners would shutter the most expensive mines to operate first meaning that the cost per ounce would drop afterwards. And as I stated, there is, to my knowlege, no agreed upon calculation for determining the reported price per ounce. So miners can manipulate it to suit their needs. Outside of pure speculation I know of no other way to predict future price behavior. Not an expert. |