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Mark Herpel
October 19th, 2008 at 7:55 am
Great article, but we’ve been buying allocated digital gold since before Katrina at below $500per oz. We invest for a long term situation, 12-14 years out from now and if you buy long term, then your next purchase is just cost averaging.
If you are jumping in once things settle down as you suggest here (great advice) when all that new money begins to saturate the country and globe….how many months from now do you envision that moment could occur?
Would that time be somewhere around January as the old president is on the way out? Seems to me all those big problems that have been bubbling just below the surface will rise after the new US President enters office.
Are we now looking at 2, 6 or 12 months from now for the whites of their eyes to show?
Mark
Mike
October 19th, 2008 at 8:29 am
Who knows? I think gold could break 700 any time now, but as for the ultimate bottom, it could be 6 months or 3 years away. Cost averaging is the way to go, because you don’t know how long it will fall for, in no small part because these things are subject to political whims.