Originally Posted by Godzuki
gold investors are better off buying dredging equipment and mining it. anyone investing in gold these days is a late fad following fool.
Actually the last few months have been a pretty good time to buy gold.
Using 20/20 hindsight, we see that it was not a good time to buy gold when this thread was started three years ago, gold was $1,707.00
It's not down about $500 or about 30%. But it's had a couple of rallies in the past few months. If you had 20/20 hindsight, you could have bought bought in Nov at 1140 and sold in January at 1300. Then bought last month 1150 see it go as high as 1200.
Even if you don't have 20/20 vision and you are holding for the long term, the price is looking a lot better. So the fad might have turned. You have a much better chance of buying low and selling high than you did 3 years ago.
The main point is don't let the value of a commodity be influenced by your politics. That is a good way to lose money.