Is now a good time to buy gold/silver?

[Liberty]

Would you buy gold and silver now, or wait awhile and see if the price drops?

[Mark D]

No.

It has gone parabolic. Wait for the correction.

[kaasbo]

I'm going for silver right after the grain grinder.

[valkyree]

I'm waiting for it to come down some but I don't expect it to go down a lot

[BigMikeM16]

Gold no, Silver maybe
I Think Silver is still on the low side compaired with gold at $1144 and may start to move upward a bit more. JMHO

BM

[Liberty]

Then you don't believe it'll keep increasing in price?

[No Bohica]

It will always flucuate. We have been asking ourselves that question for years, on every jump. If you buy now, it might go down, but then it will go back up. Supplies are falling also, they are talking "peak" gold.

We started buying at $268.00 an ounce. Look where it is now. Why hesitate? Yes, it may go from $1141.oo to say $1121.00, BUT, then it will shoot off to $1200.00 an ounce. So who is to say. IT MAY ALSO NOT CORRECT DOWN, things are different now, things have changed in the world.

What Im saying is, yes you could risk it going down a few dollars and buying then, then again, you could risk it not going down and only going up. But one thing is for sure, even at $1141.00 an ounce it is a bargain, and you will look back one day soon and say it was a bargain..............

I say buy

Look, we bought a few more ounces last year when it peaked at I think it was around $1030.00. Then it went down and stayed down for quite a while, my wife was going to kill me..........I told her, have patience it will go up. And it did, so in the long run we made money off those few ounces, just took a while. I believe now though that the elevator ride is taking off for the moon.

I, like Sinclair (I am no expert) and his friend Alf, believe it will go into the multiple thousands of dollars, especially if there is an "event" of geo-political proportions which could happen any day.

So why hem and haw about a few bucks, buy it..............

[No Bohica]

Originally Posted by Liberty

Then you don't believe it'll keep increasing in price?

10 years ago I told my wife we need to start buying gold and silver. I KNEW DEEP DOWN AND WITHOUT A DOUBT THAT WE WOULD NEED IT IN THE FUTURE. I KNEW THIS LIKE I KNOW I AM WRITING THIS NOW

One day, not long from now, people are going to look back at its current spot price and see it as only a drop in the bucket compared to its current spot price.

Another way to look at is that it is a store of wealth. Gold isnt going up, the dollar is going down. The the dollars you trade for it now, you will be wiping your behind with in the near future, because they will be worthless, and your gold, which for 5000 years has been real money, will remain real money.

I like watching the numbers as it continues its march upwards, but what I really like about it is that it is THE REAL THING, and I know these "Federal" Reserve notes is nothing but monopoly money, and will quite soon become what they really are-worthless paper.

Remember, the Chinese and Indians, among others, are now buying it in break neck speed, and by the ton. That alone is good enough for me..........

[Bigolelouie]

I had people tell me I was nuts when I bought several ounces of gold at $900, then it collapsed to the low $700s. (I bought more then too)

If you can afford to buy gold and hold it, you should buy it now. I would think that Silver is the better buy though. The price ratio of Gold/silver suggests that silver has a lot more gains left in it.

[Irishamerican]

Originally Posted by No Bohica

I, like Sinclair (I am no expert) and his friend Alf, believe it will go into the multiple thousands of dollars, especially if there is an "event" of geo-political proportions which could happen any day.

There are so many of those time bombs out there that everyday I wake up and one of them hasn't gone off - I'm amazed.