Gold prices are cratering. Some forecast gold dropping to $750.00 per ounce.
I'm thinking long-term, no worries, but short-term some of us could really take a big hit. If you bought in past two years you've already taken a big hit.
So sell now at a loss and buy back when it bottoms, or sit tight and wait it out?
Any thoughts?
Wait it out - unless of course you have to sell some to be able to buy beans, bacon, and bullets.
ReplyDeleteI remember when gold was $35 (that's thirty-five) per ounce, draw your own conclusions.
PS I STILL can't afford gold, maybe I should buy less lead? ;-)
OTB MCPO sends.............
Newsletter sources say to stay the coarse. There should be a bottom here soon and with that is opportunity. Silver is a perfect play as well for those who can't buy gold. Buy the physical stuff boys.The bankers hate it and elitists hate it. Long term, it should perform well again.
ReplyDeleteI agree on silver, except I would recommend "junk silver" (pre 1965 coins). No need to test for purity and small denominations.
ReplyDelete