Investing.com - Gold, Silver: Last Opportunity to Buy Low Before Prices Take Off
Article by Doug Eberhardt in Investing.com
We have had a nice ride off the bottom in gold and silver which I suggested was close in September and alluded to in my August article.
Fast forward to today, and gold is already at record highs this morning before the banks, who are now short gold, smacked it down $100 off its highs. What does this mean for gold investors when we get a pullback such as we got today? It means you need to step in and buy more as it falls as this is your last opportunity to buy low.
Gold’s Record High Should Set Off Alarms for Your Portfolio
In the period of 1980 – 2000 gold didn’t hit a new high but rather was forgotten about. Government spending kicked in and all that excess monetary stimulus went to creating the best 20 years for the market and guess what? It .......