Anyone still buying gold?

"Is Anyone Still Buying Gold?"

Every fucking pennyweight I can get may hands on is what I am buying.

I'm not buying now, but I'm not selling either

what he said

Only silver

Am trying to decide if it's still worth buying more or not. Has to be better than a savings account...

i still have silverstocks bought at 43 waiting to unload as as it gets at that level again.

Is it safe to buy gold on sites like ebay? There is always a ton on there.

Ok! That is good news. A shorting I go.

Probably okay for smaller sizes from trusted sellers, but there was some fake bars awhile ago plugged with some other heavy metal that had been bought on ebay. I've always bought locally myself.

Ebay often has situations where the gold isn't the same caret.

I love goooooooolllllllld!

only BROWN gold....

*bump*

I'm thinking of buying 100g more. Do you think it's a good time to do it?

People buy LadyboyGold all the time.

I don't

Nope, not me.

only buying silver, haven't bought gold in a few years

Gold just is right at the 200 day moving average. Not a big deal BUT most of the gold is now owned by hedge funds and stock funds. They notice this shit. Paulson's the biggest holder and the big brokerage houses are no longer pushing his gold fund. Some have put a "sell" on it. So anyways a drop has a chance of being a big drop if he sees redemptions and decides to sell his position in his other fund. Soros and many others are in the same boat. The stock market passed them by and they are sitting on gold that is not doing much so far.
On the other hand, I can't be the only one who noticed this so maybe there are some huge short positions out there already.

Just came out today that George Soros sold half of his gold. I feel so smart hahaha. This short is working but it is taking forever.

My parents over the past four years have purchased somewhat 600 grams. I should have bought some when the time was right, I really had no idea that it would have shot up like it did.

Nice call.

.

Gold all in my chain.

Gold all in my rang.

Gold all in my watch....

Everyone is still buying gold.

Not anymore. Demand dropped year over year 2011 to 2012. India is trying to get their people to quit buying it. Seeing the end in sight.

My mom buys gold.. Well, i don't know if she buys now but used to. I can ask. :D

If SHTF and gold was the currency, how many vendors would be set up to accept it?

If that day ever came, my guess is water, food and protection would be worth their weight in gold.

No on the gold. I bought gun stocks after Obama was elected. Ruger is up 10%, and issued a fat dividend (8%). Gotta take advantage of people's paranoia.

Schiff has been saying buy gold since the year 2000 (when it was $280/ounce) so listen to him:

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Schiff: Gold $5,000

So what does one of the biggest gold bulls out there have to say about recent action that has been anything but bullish for the precious metal?

“It’s hardly any move. These are small moves and the media likes to make a lot of noise whenever this happens. ‘We told you, gold’s a bubble. Get out,’” says Peter Schiff , the chief executive and chief global strategist of Euro Pacific Capital, who has been calling for gold to hit $5,000 since 2000, when it traded at around $300 an ounce.

Gold has languished since Monday’s pummeling, which saw it hit five-week lows. And gold is being outperformed by every other precious/base metal out there so far this year. HSBC lifted its silver SIH3 -1.84% forecasts on Wednesday. (Also, check out 7 gut checks, which mentions what one hedge fund has said about gold recently.)

But Schiff is nonplussed. “If you compare the volatility to stock markets, it’s a lot less volatile. Also, whenever the stock market makes a nominal new high, the bias in the media against gold goes up,” says Schiff. (Watch Dennis Gartman of The Gartman Letter on CNBC talking about how gold is breaking down.)

Schiff’s big gold call ties into his extremely bearish view on where the dollar is headed, amid the money-printing from the Fed and other central banks and hyperinflation that he says is coming. Watch Schiff on Dow at 14,000 is no big deal

Quantitative easing is one reason many gold bugs like Schiff think the precious metal is a winner in the long run. The more money central banks print in a bid to help growth, the more it may weaken their currencies. And that works in gold’s favor. Conversely, efforts (or anticipation of such efforts) to rein in monetary stimulus tend to clip gold. Check out: Confusion reigns over G-7 position on yen

“We are creating so much money. Japan, Europe, China, the whole world is engaging in a race to debase. Everybody thinks inflation is good, printing money is good, a weak currency is good,” said Schiff.

In some ways, Schiff’s call has been a good one. Gold prices had run up by a factor of five by August 2011, when they hit a settlement high just under $1,900 an ounce on the New York Mercantile Exchange.

But the gold rally has stalled since then, putting Schiff’s call even further into the ether. On Monday, the April contract GCJ3 -1.55% settled below $1,650 an ounce, a five-week low. And it’s been pretty much rangebound since.

But Schiff takes the long view.

In fact, he says gold could go beyond $5,000, depending on how much longer money printing goes on. “A lot of people will get caught by surprise. People who buy and have the patience to hold on will be rewarded,” he said. (Read also Gold is at a critical juncture)

As for the billion-dollar question – when — well, that’s a tough call even for Schiff. “Can it get to $5,000 in six months? Probably not. In two to three years it’s more likely. I doubt it will take five years. If it takes that long, it will go higher.”

Schiff has gone to the mat over what some say are “out-there” calls like that gold prediction and his stance on inflation. He’s got lots of fans and lots of detractors — like NYT columnist Paul Krugman. Krugman wrote last November that Schiff is among history’s “erroneous” predictors with his long-running cry that that hyperinflation is coming.

Schiff says government calculations are not accurate and we’ve got a CPI averaging between 5% and 7% a year. Watch Krugman vs. Schiff He’s not the only one concerned about hyperinflation though. Check out what veteran trader Art Cashin had to say earlier this week.

He likes to refer to one of his most famous calls that turned out right. He accurately predicted the 2008-2009 financial crisis two years prior. Google ‘Peter Schiff was right’ on YouTube and you’ll this video and plenty of others.

“I take flak from people who don’t really understand what’s going on,” says Schiff. “I don’t think my predictions are wrong. I think my predictions have been proven to be accurate.”

Gold bugs would like to see this big call turn out right. It’s just not clear how patient they’ll have to be.

http://blogs.marketwatch.com/thetell...s-to-his-call/

You can sell your gold at market price at about 4 million places in NY any day of the week. There are signs on every corner to sell your gold. There is no shortage of buyers.

Gold has outpaced the debasement of the currency. He can't claim 7% inflation and 150% rise in gold prices over 3 years and say one is going to cause the other.

If anyone here as gold, ill buy it.

I am looking to expand my silver portfolio ...

I have my ounces ... I have my bars.

Now I am looking for silver DIMES ... The stuff that I will use to buy bread ... if SHTF.

If anybody is selling any US silver dimes ... please contact me

timhorton69 |AT| gmail |DOT| com