GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Gold straight up today! $1400 by the end of the week?

Ron Bennett · 10-13-2010, 08:14 PM

Another thing to consider is that gold is still well below its all time, inflation adjusted high, of $2500+/-. Many long-timers are aware of this, and not worried about the ~$1400 price - they see far more upside than downside at this point.

IMHO, folks seeking to buy for fast profits, buying now is risky, since there's a decent chance of a correction down to say $1100. However, for those seeking to buy and hold for a few years, buying now may be good time as any, since $2000+ appears very realistic.

Ron

10-13-2010, 08:14 PM
Ron Bennett Confirmed User Join Date: Oct 2003 Posts: 1,653	Another thing to consider is that gold is still well below its all time, inflation adjusted high, of $2500+/-. Many long-timers are aware of this, and not worried about the ~$1400 price - they see far more upside than downside at this point. IMHO, folks seeking to buy for fast profits, buying now is risky, since there's a decent chance of a correction down to say $1100. However, for those seeking to buy and hold for a few years, buying now may be good time as any, since $2000+ appears very realistic. Ron __________________ Domagon - Website Management and Domain Name Sales