SPDR Gold Shares Message Board
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HERE ARE TWO LAYMANS REASONS WHY GOLD ISNT A BUBBLE YET..
In my own experience as someone who timed the dotcom bubble fairly well and made a mint..Ive found more than any indicator or analyst..the best way to guage a blowoff top is to guage human sentiment and emotion for those to things remain constant over time. So I will sell my small gold position, and have advised friends to sell their gold holdings when they start to see the following.
1. GOLD for CASH stores instead of CASH for GOLD stores. When stores targeted at the main street like this start selling gold under the guise of a pawny name thats one big sign.
2. When you start to see the gold commercials on tv offering you GOLD for your cash, insteasd of selling your gold to them for cash youll know the top is imminent.
Keep this simple folks. this isnt rocket science. My simplicity and millions have been acquired through value investing and keeping it simple. By keeping it simple I am confident that you goldbugs will make a mint before this is over. GL-
As long as the federal reserve says its going do whatever it takes to reignite inflation GLD will be in demand. No brainer. The day the fed hikes interest rates take your profit.
- 1 Reply to lallfam
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I remember 18 to 20% prime interest rates and gold hitting its all time high back in the 1980's.
Interest rates can rise along with gold. If rates do get high enough to give a return on investment greater then inflation, then I agree...sell the gold and silver.
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lol...... so you are the guy who correctly timed the dot.com bubble and made a mint ???? lol......lol........lol......
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Most who own gold have advised relatives to buy gold and silver months or years ago.
They did not take your advice.
When they start to call you asking the best place to invest in gold and silver, or call you saying they took the plunge and bought some metals and ask your opinion if they got a good price, then it is near time to sell.- 1 Reply to tomg86402
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when you taxi driver sells gold...then its time to exit...hey buddy ..wanna buy a watch...
also what form of cash..which country..Chinese Yuan or Japanese yen....or the dollar..
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I agree but, That is possibly years away!
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