Sometimes.
Other times they go in opposite directions.
Posted on 04/15/2013 6:41:57 AM PDT by Sub-Driver
Good time to buy?
Praise the Lord, my ship has come in!
In my humble opinion, gold follows oil.
The wall of GREED & FEAR! Sellers outnumber buyers.
The market is up and people are once again getting fooled into thinking that it is a true reflection of the state of the word’s economy. The underlying fundaments all point to a coming economic collapse, that will see the price of gold skyrocket. Europe is saddled with failing economies, China is slowing down, and America sits on an ever growing mountain of debt that will soon bring hyper-inflation.
The market is ALWAYs right. Humble yourself to the market and it will exhault you. Avoid the visa versa.
Granted: Each and everything you presume is true and reasonable.
Buy low.......
I believe I will once the carnage has stopped. Panic is a good thing.
What is “LOW” to you?
I hope it goes to zero so I can buy a 100 million ounces or so for, well, the delivery charge I guess.
Putin and the Chicoms aren’t going to be happy, oops I left out the Mexicans.
“America sits on an ever growing mountain of debt that will soon bring hyper-inflation.”
Folks have been saying this for quite a few years now. My question is, what is holding inflation at the pace it is at?
Too bad for Obozo that the US Fed Gov has no abilility to manipulate this data.
What is really heart-breaking is the little guy who gets suckered into flipping his IRA into Gold. Now it is melting. Should he buy or sell?
Sometimes.
Other times they go in opposite directions.
It’s not just gold, deflation is rearing its ugly head in all commodities, stocks will follow (like in 2008).
If you want to buy something, the best time to buy is a little bit at a time on a regular basis. Buying through dips is the best way to put a smile on your face.
You’re right about the coming economic collapse. US Government officials are pulling strings on gold and silver prices to make mother government look good while they print trillions of unbacked dollars to support comrades.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.