If I only have a few ounces, losing twenty bucks doesn't worry me at all.
if it closes at those gains today,
Silver: $27.990.51 Gold: $2469.36
38.21
when it drops $5.00 the Buyers will be Crying
and the pessimists will say it's the end of the world
if they spent a million buying at those prices it's their own fault
will be a looooog time before it's a Buyers Market , unless your buying for $500 a troy oz & If you did for $500 . Sell to the fools !
I am not so foolish I'd buy gold to get rich. Like others who plan for the worst (canning food, emergency heat, etc.), I bought a bit so not everything I have would lose fifty percent of its value, like our FRN's have in the last few years.
I see gold the cost of buying gold went up about $400.00 from when I first looked at prices after a long time of not paying much attention. If I'd bought a few ounces at 2k, that would not have gotten me very excited. If it dropped back down to $1,800.00 ($200.00 lower than the 2k start point), that wouldn't worry me either. This is a long haul thing. Kind of like the products of my freeze dryer.
Anyone who has a few stocks and watched them for a while should know fluctuations happen. Especially when the feds manipulate markets, whether by printing more hollow money, by selling stocks of precious metals, or other tactics to alter our world.
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