Saturday, September 08, 2007 10:20:56 AM
"gold should continue to do well"
cl001, I agree Gold and other precious metals are going to do well here in the long term.
Just a word of caution though, if the market takes a turn south, which I believe is in the cards, there will be margin calls on Gold, and the price will come down in my opinion.
Not saying having Gold now isnt a good thing, but I believe we'll see lower Gold prices as the wreckage piles up, and some of these financial companies are force to liquidate positions.
At least thats how I'm playing it for now. I dont want to miss the Gold train, so I'm hoping it slows down enough for me to get on here soon.
Congrats on gains.
cl001, I agree Gold and other precious metals are going to do well here in the long term.
Just a word of caution though, if the market takes a turn south, which I believe is in the cards, there will be margin calls on Gold, and the price will come down in my opinion.
Not saying having Gold now isnt a good thing, but I believe we'll see lower Gold prices as the wreckage piles up, and some of these financial companies are force to liquidate positions.
At least thats how I'm playing it for now. I dont want to miss the Gold train, so I'm hoping it slows down enough for me to get on here soon.
Congrats on gains.
"Give me Liberty, or give me... deathtotaxes"
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