Is it a good time to buy or hold gold?
successably asked:
Have recently bought gold, should I hold? Would it be a good time to buy?
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Have recently bought gold, should I hold? Would it be a good time to buy?
March 3rd, 2009 at 4:52 am
I believe gold, if it goes any higher, won’t go much higher. I think it’s peaked and I have already sold what I have (for a tidy profit) because I think it’s going to start downhill soon. Once it starts to slide I don’t think it will stop until it hits around $400. Thats just a personal opinion, so take it for what it’s worth to you.
March 4th, 2009 at 7:41 pm
Slowhand- thats like saying that everything is going to go back to where it was before- DOUBT IT-
March 6th, 2009 at 4:16 pm
What was your reason for buying gold in the first place? Does the reason still exist? If so, then hold on to your long position. If not, sell.