Originally Posted by JoshGirls Josh

hello.

the answer depends on if your an investor or a gambler.

if you are investing, you dont care about todays price. you are going to cash out in 30 years. todays price is irrelevent on a 30 year time curve. so you just dollar cost average your purchases over time.

but since you are worried about price, you might be a gambler. what you should do is buy up some books on technical analysis, chart reading, so you can pick price points to buy & sell for a quick buck.

& if you really are a gambler, you should looking to go short, not long, on gold to make the quick money. gamblers should never be stuck just making money on things that go up. making money on the downside is a lot faster.

but timing short positions is tricky so its not for beginners, & is unnatural for most people, who are hopelessly enslaved to a mindset of being long on things. it has to do with having a positive outlook on life & betting on things to lose is not congruent to a positive life outlook. people prefer to profit on success not failure.