December 4th, 2006 | 
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Jason M asked:
Gold has now hit over 1000/ ounce have we missed the time to buy? Would it be better to wait for prices to pull back?
Lucio Bruso
Gold has now hit over 1000/ ounce have we missed the time to buy? Would it be better to wait for prices to pull back?
Lucio Bruso
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Yep you lost your chance
gold will probably go up more before it goes back down
so if you bought now you might still make a little but not as much as you would have if you bought earlier
For windowif it drops to 800 700it shouldthe imf is going to sell all its gold hopefully and gives us another opportunity to buy more aint getting in nowgold over the next.
For windowif it drops to sell all its gold hopefully and gives us another opportunity to buy more aint getting in nowgold over the next years should doubletry also other metals like silver.
For windowif it drops to buy more aint getting in nowgold over the next years should doubletry also other metals like silver.
Take a look at the charts on this page.
When you look at the 1, 2, 5, and 10 year charts for gold prices, you can see how the price is technically headed north. I am expecting gold to be between $1200-1500/oz by summer, and if the recession continues, the govt continues to print money and the dollar tanks (as many are expecting all of these by the end of the year) you can expect historic highs for both gold and silver. It could easily move to $2000/oz by early next year, with silver up to $50/oz.
Plenty of time to buy right now. Look at the junior gold miners, especially ones that are producing gold from their mines, rather than pure exploration co.s. The juniors were hammered in the last year and there is plenty of time to pick a couple that will benefit from the rising gold prices.
I’m in Minera Andes (MNEAF). They own 49% of a great gold and silver mine (annual production of 95,000 oz of gold and 7.5 million oz of silver pr year). Their income is just starting, so they haven’t taken off yet.
good luck and do your own Due Diligence.
aj