Gold too "bubbly" now?

take everything

Just want to get a few opinions.
I was thinking of investing some of my money in gold.
But i read it may well be in a bubble now.
People have been saying this for a while.
On the other hand you got people like Max Keiser (despite his madness, i can't help feeling he's knowledgeable and well-meaning :pac: )et al insisting gold is going to continie to soar (2000, 3000 etc) because fiat currency is so fcuked.
Taxi drivers haven't started talking about gold yet but are ads in the paper a bad sign i wonder.
Just wondering what you think.

irishh_bob

take everything wrote: »

Just want to get a few opinions.
I was thinking of investing some of my money in gold.
But i read it may well be in a bubble now.
People have been saying this for a while.
On the other hand you got people like Max Keiser (despite his madness, i can't help feeling he's knowledgeable and well-meaning :pac: )et al insisting gold is going to continie to soar (2000, 3000 etc) because fiat currency is so fcuked.
Taxi drivers haven't started talking about gold yet but are ads in the paper a bad sign i wonder.
Just wondering what you think.

gold is down 150 dollars an ounce today although its dropped a lot less in euro , could be a correction , this is the time to get in , buy on the dip , put less than 15% of your wealth in gold and you can then sleep at night regardless

hmmm

take everything wrote: »

Just wondering what you think.

Well, what price do you think is reasonable for gold? I know how to value share prices, I know how to value things like farmland or commodities used in industry, I can have a fair guess at property, but the price of gold is something I'm not smart enough to value.

So if you're thinking of investing, shouldn't you know what value to put on something?

The fees aroung buying gold are quite steep, ie the actual fee you pay for the gold along with selling fee(in some cases) and storage fee if applicable.

Work it all out before you purchase is my advice.

Low Energy Eng

You should pay attention to how the dollar and euro are holding up, any more QE'ing & interest rates rediculously low, bailouts etc
Ben Bernanke has said he'll keep them low for another year or 2, I can see a currency war kicking off, I'll be jumping in on the dip
This recent dip was caused by CME hiking gold margins 27%...this'll shake off a few leveraged players

spondoolies

Gold has had a steep rise in the last few weeks but yesterdays drop brought it a bit closer to it's moving average. Depends how long you plan to hold it for but I'd say it could reach $2,500 in the next few years.
I'd recommend reading some of the articles by Larry edelson or Dominic Frisby (see links below) as I have found them to be quite clued in on gold.

http://www.uncommonwisdomdaily.com/experts/larry-edelson
http://www.moneyweek.com/about-us/the-moneyweek-team/dominic-frisby

homer911

Quite a drop recently..

SyntonFenix

http://www.youtube.com/watch?v=Fm96-nebe-8

http://www.youtube.com/watch?v=TX3oRqPr2kI&feature=related

badboyblake

Warren Buffet is not a big fan of Gold he thinks it's a bubble and is practically useless.

http://wallstcheatsheet.com/economy/heres-what-warren-buffett-says-about-gold-and-commodities.html/

He bought Bank of America today

http://www.marketwatch.com/story/bank-of-america-rallies-on-buffett-investment-2011-08-25

Low Energy Eng

badboyblake wrote: »

Warren Buffet is not a big fan of Gold he thinks it's a bubble and is practically useless.

http://wallstcheatsheet.com/economy/heres-what-warren-buffett-says-about-gold-and-commodities.html/

He bought Bank of America today

http://www.marketwatch.com/story/bank-of-america-rallies-on-buffett-investment-2011-08-25

WB bought into Goldman Sachs...then GS needed a government bailout 2years later

Secondly WB bought preferrential shares of BoA and he's given a 6% dividend on his investment, BoA are scrambling to get capital, they're on the verge of collapse/of needing a bailout

Watch this space

Slozer

Check out this site it has a number of daily articles related to gold however most of them are longterm bullish.

http://www.marketoracle.co.uk/

over the past few months the price rise in gold has been healthy. rising for a week and then correcting before rising further again.

Recently it has become very volitile however the underlying fundamentals are very good for gold prices, high unemployment, stagflation, currency debasement and financial uncertainty in Europe.

Gold season is about to start in India and historically this has been very good for gold prices.

But as with everything else I would advise to read as much as you can before you invest.