Glad to see Kitco’s opinion since they are completely objective and disinterested, right?
Wendy
Australians have been queuing outside a gold dealer throughout the week following a spike in the price of the valuable metal to an all-time high.
The queue outside ABC Bullion in Martin Place has been extending beyond the entrance for several days, as gold reached an all-time high of AU$6,033.80 per troy ounce, which is the benchmark for assessing precious metals.
Global silver shortages
The time to buy gold is when everyone is lined up around the block looking to sell.
Disagree, nah actually these are extremely poor take. It is a suckers game. You buy and sit with dead money for decade. People who follows the market even remotely will not do that.
If you want to make money, you need to buy when you think there is going to be a bubble and a bull market. The right approach is get into the trade on breakout. It is still better to have some exposure now, because there is very high probability of another 25% to 50% rally.
Look below gold increased 5x in 6 years, then for 12 years didn’t go anywhere… and in a short span doubled now…
Anyone buying when others are selling will sit with dead money for decades, these words sound very smart, but you cannot make money with those approach.
They were quoting Jamie Dimon and not their opinion.
I owned $MSFT for a decade where it went nowhere, and I ended up selling right at the cusp of the breakout. The frustration of holding a stock, where the stock price is not going anywhere but the business fundamentals getting better, year after year, is something you have to live to understand.
It is not easy to hold a stock for 10 years, and sell it for no return, and then in the next 10 years the stock goes up 10x… No you absolutely don’t want to buy when others are selling… they may sound sexy, the truth is you need to be extremely smart to be a contrarian, and travel on a path less traveled.
What does Jamie Dimon know 