Gold price is still at its bottom

Posted Jun 28, 2011 4:32pm by gnidnif

Joined: Jul 16th, 2008
Posts: 38

Precious metals' prices are still at their bottoms. Will you believe that?

They have already gone up much. I'm not trying to make you greedy. But they may still go much higher than the present.

I have not seen any bubbles yet, only under evaluation. Although they are higher than before, they are not coming up with the actual inflation at present around the world.

We'll know.

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Niu Bi

Joined: Aug 12th, 2009
Posts: 625

Re: Gold price is still at its bottom

Posted by: Niu Bi on Jul 5, 2011 12:49am

Silver has plummeted back down to around 30 an ounce and gold is back down under 1500.

I'm tempted to buy a few more hundred ounces of silver - I sold when it hit 49 dollars a couple months ago - I had purchased it at 29 an ounce. Glad I did - a tidy little profit.

gnidnif

Joined: Jul 16th, 2008
Posts: 38

Re: Gold price is still at its bottom

Posted by: gnidnif on Jul 6, 2011 4:12pm

Nice deal. It feels good beside the profit.

Nidaye

Joined: Mar 18th, 2008
Posts: 809

Re: Gold price is still at its bottom

Posted by: Nidaye on Jul 7, 2011 3:25pm

Niu Bi wrote:

Silver has plummeted back down to around 30 an ounce and gold is back down under 1500.

I'm tempted to buy a few more hundred ounces of silver - I sold when it hit 49 dollars a couple months ago - I had purchased it at 29 an ounce. Glad I did - a tidy little profit.

Nice, I remember you had posted in the other thread that you were considering selling your silver when it hit those highs.

Nidaye

Joined: Mar 18th, 2008
Posts: 809

Re: Gold price is still at its bottom

Posted by: Nidaye on Jul 7, 2011 3:27pm

gnidnif wrote:

Precious metals' prices are still at their bottoms. Will you believe that?

They have already gone up much. I'm not trying to make you greedy. But they may still go much higher than the present.

I have not seen any bubbles yet, only under evaluation. Although they are higher than before, they are not coming up with the actual inflation at present around the world.

We'll know.

Summer is typically the low season for PMs. Charts are showing that the lows have been hit. We should know by next week.

anatomygray

Joined: Apr 26th, 2011
Posts: 1

Re: Gold price is still at its bottom

Posted by: anatomygray on Jul 13, 2011 10:46am

I'm looking for online internet banking that allows gold and silver trading. I know the ICBC has that but the thing is most of my cash are in Bank of China. Don't mind switching to ICBC but does anyone know if Bank of China has this trading feature too? And is the spread about the same as ICBC?

Thanks!

gnidnif

Joined: Jul 16th, 2008
Posts: 38

Re: Gold price is still at its bottom

Posted by: gnidnif on Jul 13, 2011 12:47pm

BOC has them.

JohnDeer

Joined: Nov 25th, 2011
Posts: 1

Re: Gold price is still at its bottom

Posted by: JohnDeer on Nov 25, 2011 12:25am

Buy some more. Gold is a good investment. Gold has been used as money since the dawn of civilization. Fiat currency experiments like the US dollar and the Euro are only temporary. Gold has stood the test of time. The Euro i think is the most laughable one of all. You have a union of countries with their own laws and some even hate each other.
Yet they are supposed to have a single currency. How can that possibly work in the first place let alone last. It is the most ridiculous experiment after the soviet union. Absolute failure. There is a good reason why gold prices are through the roof.
It is signaling the failure of the fiat experiment.