Originally Posted by havasu
Very interesting conversation with you Borislav!
My biggest fear here is one day gold will be up $20 an ounce, and the next day it will be down $25, so it is hard to guess what day gold will be down to buy, and hope the very next day the price jumps. This way you won't have the feeling that you have already suffered a loss.
Yes Mark. Just that is the problem. The turbulence of the gold price (and not only) on the market is great – not only now, although there are relatively long periods when its price is relatively stable, or the price trend is relatively stable – down or up.
When deliver with “paper gold” it is not so great problem, on contrary, just that makes the game interesting – if you have enough patience, always is possible to wait for the right for you gold price (God must be in each case by your side). For example, 20 days ago, when the gold price was going down with a great speed, I bought regularly gold – 30 oz per position in relatively equal differences of price – it was 8 – 13 October. At one moment I was $ 8000 below my initial imaginary capital. For all of my long positions I have set the same high value (higher than the price of my first position) at which all my positions to be closed automatically, and one morning I found out that I am $5000 over my initial capital.
With the real gold it is not possible, it is quite different, and always when you buy real gold, for the moment you will lose a little – that is a rule for 90% of cases. Look – 10 days ago the oz was $1270, now it is $1370, who knows – after 10 days it can be $1470. Nobody knows. Notice! As a rule, the specialists are garrulous always after events have happened! Most of prognostications are for a price of 1450/oz in the end of the year … but … we will see!!!
It is because, I think when you buy real gold, for a shorter or longer time period you will always lose a little – maybe 10%, maybe 15%. It is valid for all of us ordinary people having no information, or having only yesterday’s information. So, do it only for your funds you do not intend to spend next 3-4 or more years, being in agreement with yourselves you will lose a little in the moment. God only knows what it will happen tomorrow or 5 years later, but I know, I am sure – the gold will be gold.
Never mind guys! I have begun arranging my next summer. It seems 25 May – 2 June and 15 – 23 June I will tour !!!!!!! It makes me happy !!!! And the perfect weather here is continuing … yesterday I bicycled 60 kilometers, this afternoon – again !