GOLD

[Jimmy_041]

USD1201.45 @3am

Also hit USD1200 twice more afterwards

time to sell me thinks

[Jimmy_041]

USD1202.20

[Sploosh]

Time to sell? Well, you'd get short term profits, no doubt. But I've read a few articles suggesting that within a relatively short time (i.e. next 18 months or so) $1200 will seem ridiculously cheap...

[Jimmy_041]

Sold some to get some profits but Im still in there

[Psyber]

Time to sell? Well, you'd get short term profits, no doubt. But I've read a few articles suggesting that within a relatively short time (i.e. next 18 months or so) $1200 will seem ridiculously cheap...

You have to remember there are people with a vested interest in talking it up.
People were saying that in the later 1980s when it high for the time then, yet within a week it had halved.
It doesn't go up forever, but drops off when people regain confidence and start to move back to shares and property.
Bank rates rising mean people will start to think about taking their gold price profits to move back into that sector.
I'll buy into gold after it has dropped next, I wouldn't buy in this high...

[Sploosh]

Yes, that's true; I'm sure most people who write 'business' articles have vested interests. And definitely gold dropped massively a while ago. Let's face it, most of us would just be guessing if things will go up or down, if we knew, we'd be millionairres. (Perhaps some others on here already are millionairres, and it's just me who's not?? )

[Jimmy_041]

I sold Lihir Gold @$3.73 this week Sploosh - top of the market

Gold dropped USD50 last night so all of the producers will drop on Monday

I will be buying Newcrest (NCM) on Monday in the dip

[Jimmy_041]

I bought NCM at $34.98 last Friday and a few ounces at $1,120.10 today

Let's see how I go Sploosh

(Hope the taxman doesn't read this board)

[Sploosh]

Well, you seem to know what you're doing, thats for sure. Good on you! Do you go to Adelaide Exchange for your gold, or elsewhere?

[Jimmy_041]

Well, you seem to know what you're doing, thats for sure. Good on you! Do you go to Adelaide Exchange for your gold, or elsewhere?

Just trying to win back the losses from the past couple of years mate. Gold was the only winner I had

I buy physical gold through an account

[Jimmy_041]

[Jimmy_041]

Gold $1,137.00 (up 1.5% on my recent buy)
NCM $36.20 (dropped 0.95c today, but still $1.22 or 3.5% per share up)