Replies to post #9072 on GOLDBUGS AMEX Goldbugs Index (GOLD)

[al44]

When to sell your gold- some notable events to look for

1. When your taxi driver says to buy gold

2. When Time magazine has a gold bar on the front cover

3. When Businessweek starts touting gold(best contrarian indicator for any play)

4. When your brother in law who doesn't even know what gold is starts saying to invest

5. When you see the mother of all parabolic rises on the chart

6. Best of all- when everyone else is buying causing a feeding frenzy(see #5)

None of these will be applicable if at the same time your local currency is hyperinflating. All bets are off until that comes under control.

Sorry, but you are probably just as confused as before, but it's the best I could do.

........al

[4Godnwv]

CJ - I just wrote a rather lengthy piece on gold and inflation/deflation - imo gold/silver have a long run ahead of them.

It should/could take most of 2009 before inflation starts to really crank up, but once it does, I expect several years of a gold/silver bull. Maybe 3-4?? Hard to say.

Almost impossible to forecast and I am not attempting any such thing, but it seems to me that gold/silver is much like any other investment. You take your original investment off the table as soon as feasible and let the rest ride, taking profits along the way.

The big difference here is that you are trading 'real estate' for worth(less every day) paper. Of course, as someone mentioned earlier today, you have to eat, lol -

I guess that at some point the dollar starts to regain balance with the ancient relic and then we have to consider our 'next' investment. That day should be quite a few years off, imo