Is it good time to buy gold? I haven’t seen the price of gold this lowfor some time now. It was almost $1850 a few months back. Please share your views.
Re: is the gold rush over?
gold is gold... it will bounce back IMO.
Re: is the gold rush over?
well right now is a good time to buy since the gold is at the lowest in the past 2 years.
Re: is the gold rush over?
I believe it had peaked at ~ 1980. No idea where it is headed. The Wall Street Journal had an article abt lower demand in India due to weakening of the Indian Rupee vs the dollar.
Kaun, are you sure of the above statement re: Gold being lowest level in last 2 years?
Re: is the gold rush over?
Just checked Gold prices - It reached a peak of $1880/ounce (not 1980 as I thought). Kaun, the two year low was 2 years ago, at $1100 per ounce. in Jan 2000, Gold was at $280/ounce. So Twinkle, decide for yourself if over the long term, Gold is nearer to its high or low.
http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx scroll to last chart at bottom.
Again, I have absolutely no idea where Gold will go. But with the internet, we should at least be able to check where it has been over the long term (and not just last 3 months) to help guide our decisions, IMO.
Re: is the gold rush over?
The chart above indicates Gold reached 1850 as Twinkle says. Todays WSJ has 52 week high of Gold at 1888.70 $/Troy Oz. Close enough.
Re: is the gold rush over?
Gold is always a good investment especially in the current climate which shows all major western economies heading for more chaos.
Re: is the gold rush over?
well i pray it should, i have to buy a lot for gold for my sis/bro marriage in coming months 
Re: is the gold rush over?
Yep it is over so better give it to me 
Re: is the gold rush over?
the rush is over. the easy money's all been made. you can still make money if you can be less greedy and know when you've found a greater fool to hold the bag.
Re: is the gold rush over?
Gold rallied recently and is at ~ 1750.
Re: is the gold rush over?
Gold maintains your purchasing power and hence it is advisable to buy gold /silver rather then investing your money in banks.
this is a good book on the subject
The Golden Constant: The English and American Experience > Download “GoldCons_Summary_Final3_US_med.pdf” > World Gold Council
Funny that purchasing power of gold is increased in pakistan if we compare gold and cpi of 1950 and 2012. 
Re: is the gold rush over?
Gold rallied recently and is at ~ 1750.
I rest my case! ;)
Re: is the gold rush over?
I rest my case! ;)
Dear Ms. Freudian,
Actually I looked for your gold thread and wanted to compliment you. But could not find it.
One note- when you mentioned that gold article it was around current level. So return has been 0% while stock markets have rallied.
Re: is the gold rush over?
gold down 7% today. maybe this is the cliff for gold. leap off please, gold fans.
Re: is the gold rush over?
gold down 7% today. maybe this is the cliff for gold. leap off please, gold fans.
will this affect indian gold market?
Re: is the gold rush over?
yes, i think gold in india got cheaper by roughly Rs. 1000 per 10 grams yesterday.
Re: is the gold rush over?
Gold closed at 1734 on the day you posted. It is now at 1275. Drop of 460. Or 27% !
The S&P 500 in the meanwhile went from 1435 to 1682. Rise of 452. Or 33% !. Throw in 1.8% dividend you would have received in 10 months. That is a whopping 64% outperformance over gold. In 10 months.
Gold Prices September 12, 2012, Technical » Fx Empire Network
Also didn’t understand your comparison of gold price and Cpi in 1950 and 2012
..
Re: is the gold rush over?
Another human failure/
Gold is a disease.
Re: is the gold rush over?
This thread is an example of how people make all sorts of bullish predictions based on old wives tales. But don’t come back to revisit their “bold” calls. As stated earlier gold at 1740 when thread opened was closer to peak than valley. But that didn’t deter some who maintained gold always maintains value..something abt CPI was thrown in for good measure. Alas, gold closed at 1190 friday. Drop of 550. Or drop of 32 pct. Meanwhile snp 500 in same time increased from 1430 to 1970. Or about 38 pct. Throw in 3 years of div at 2 pct per year. That is 44 pct. Or trounced gold by 76 pct in little less than 3 years.