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Gold price forecast....
Posted on 2/4/16 at 9:12 am
Posted on 2/4/16 at 9:12 am
Anyone have any thoughts on the price of gold? Looks like the dollar is sliding and thats causing the price of gold to soar. I suppose if the fed continues to push interest rate hikes, the dollar will continue to fall. Im a novice at all of this so forgive me....
Posted on 2/4/16 at 9:16 am to WGB2004
$1450 +/- by early 2017 in a corrective move.
Then move down continues.
Personal prediction based on my own charting method.
Then move down continues.
Personal prediction based on my own charting method.
Posted on 2/4/16 at 9:40 am to LSU1NSEC
Thanks guys. Ive gone ahead and bought some stocks to hold onto for the next few months. Its going to be hard for the FED to raise rates in March. NEM, ABX, NUGT
Posted on 2/4/16 at 2:40 pm to WGB2004
This 5 year chart makes me agree with the 99% of all mainstream economists and investor professionals who say hold <10% of one's wealth in precious metals.
I have close to value presently that in bullion & coins, otherwise I'd probably be bullish on gold or silver.
I have close to value presently that in bullion & coins, otherwise I'd probably be bullish on gold or silver.
Posted on 2/4/16 at 3:56 pm to LSU1NSEC
quote:
$1450 +/- by early 2017 in a corrective move.
Then move down continues.
Personal prediction based on my own charting method.
I agree completely...we see a yearly uptrend going into sometime this summer, then down she goes.
Posted on 2/4/16 at 4:56 pm to soccerfüt
I agree. I have significantly less than 10% in physical gold, but somewhere around 10% if gold and silver was aggregated. But the percentages can be played with. Real estate skews the percentage of your portfolio unless you only consider the equity portion.
Maintaining a balanced portfolio is easier said than done.
Maintaining a balanced portfolio is easier said than done.
Posted on 2/4/16 at 10:04 pm to Iowa Golfer
Hijack time:
Any opinions on Silver?
Any opinions on Silver?
Posted on 2/4/16 at 10:18 pm to matthew25
I'm a silver believer. Not to the extent where it's the majority of assets I own, but out of the 10%ish that I have in physical precious metals, the vast majority is silver.
Industrial uses. Supply demand stuff.
I could be over 10% pm's right now, because I have been buying silver.
But I'm willing to wait 10 years if I need to, and unlike a lot of people that take possession of pm's, I do sell them when the price justifies it.
So I own it, and I stack it, but I'm not married to it, and have no regrets about selling part of it at a gain.
I've considered palladium and the other exotic stuff as well, I've just never pulled the trigger on anything except gold and silver. And I don't own much gold. Very little actually.
But, but, but... I own all asset classes. So that includes precious metals. Also includes real estate, bonds, preferred shares, and cash. I try to be balanced. Doesn't mean I own equal percentages of every assets class, but there's not too many I don't own. Some pretty conservative and boring.
Industrial uses. Supply demand stuff.
I could be over 10% pm's right now, because I have been buying silver.
But I'm willing to wait 10 years if I need to, and unlike a lot of people that take possession of pm's, I do sell them when the price justifies it.
So I own it, and I stack it, but I'm not married to it, and have no regrets about selling part of it at a gain.
I've considered palladium and the other exotic stuff as well, I've just never pulled the trigger on anything except gold and silver. And I don't own much gold. Very little actually.
But, but, but... I own all asset classes. So that includes precious metals. Also includes real estate, bonds, preferred shares, and cash. I try to be balanced. Doesn't mean I own equal percentages of every assets class, but there's not too many I don't own. Some pretty conservative and boring.
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