Do you buy Gold now and ride it higher or is this close to the peak like in ‘79?
FWIW, I figure there’s about a month left in this upleg. I bought in a couple of weeks ago.
I offer no advice, but it took 20% interest rates to break gold back then.
Sell it all. Silver and platinum have some use in this world.
If you had asked that question when gold was $300 and actually bought in with metal or a gold fund, you would be counting your earnings and asking the question all over again.
Should gold break the mental $1000/oz barrier, and it could by next week, Katy bar the door.
I think it could take off and go parabolic. $2000 gold by Christmas.
If the dollar continues to crater, gold is a solid investment. If the Fed manages to stabilize the currency back to 75-77 basis points then gold will ease back down.
Gold is not a money maker (except in times of sheer panic) rather it is a way to defend what you've worked hard for, locking in the value of your labors on the day you buy it.