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gold at 1,084.00 would you sell or hold

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United StatesOffline
Posts: 193
ocean city maryland
Detector used Detector(s) Used - excalibur, cz20, v3

Posted Nov 03, 2009, 01:00:33 pm

hi, what do you think?
da book worm--researcher

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United StatesOffline
Posts: 12794
callahan,fl
Detector used Detector(s) Used - delta 4000 / ace 250 - used BH and many others too

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Car Key Found & Returned
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Reply To This Topic #1 Posted Nov 03, 2009, 02:03:49 pm

what did you buy at -- if a decent profit margin can be had by selling at say $1100 why not-- taking profits never hurts  you --- folks who try to milk it all out of a market often get burned , greed kills investors   --get in / make and take some good profiet margin and then get out before the "drop" takes hold --thats the name of the game.
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United StatesOffline
Posts: 193
ocean city maryland
Detector used Detector(s) Used - excalibur, cz20, v3

Reply To This Topic #2 Posted Nov 03, 2009, 03:03:50 pm

sorry, i should have said the gold finds we get from the beach. jeff

Reply To This Topic #3 Posted Nov 03, 2009, 03:48:10 pm

my 2 cents "it doesnt matter"unless you have been saving your gold since 1980,and you sure aint got the Atocha.i have 2oz saved up! if and when i get the itch or need it i will send it in.every 2 months i try to turn in 2oz. .gold has been on the rise,but unless you got a ton or an investor "what does it matter"?
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United StatesOffline
Posts: 318
Quartzsite AZ
Detector used Detector(s) Used - TDI, GB, GM-4, Vaquero, F75, Cibola, Compadre, Stingray, ML Explorer

Reply To This Topic #4 Posted Nov 03, 2009, 05:16:10 pm

If you can sell it for $1084.00, that means someone else thinks it a good buy at that price.
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United StatesOffline
Posts: 33

Reply To This Topic #5 Posted Nov 03, 2009, 06:57:43 pm

http://www.bloomberg.com/apps/news?...id=newsarchive&sid=aAkoEr3mFLv0

in my humble opinion only if you need to
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Posts: 231
Venice, Florida
Detector used Detector(s) Used - Minelab Excalibur II, Whites BeachHunter 300

Reply To This Topic #6 Posted Nov 04, 2009, 07:11:40 am

hi, what do you think?

India purchased 200 metric tons of gold yesterday, half of the International Monetary's Fund's supply.   China is expected to purchased the remaining 200 metric tons in the coming days.

If these countries are willing to make such large purchases of Gold at the highest price on record, they must think the price is going higher.

Or maybe they just like having a few gold bars in their treasuries.

Gold was up $30 an ounce yesterday, and already up $5.00 an ounce today.   Could hit $1,100 an ounce this week (or today).

Personally, I'd keep the gold unless I needed immediate cash.

Bill
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Posts: 1345
East Tennessee

Reply To This Topic #7 Posted Nov 04, 2009, 11:04:22 am

I would sell it. Sold most of the beach gold i had at $1029 though so what do I know.
Bought me two new detectors to go find some more.

Jason
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United StatesOffline
Posts: 890
Baltimore, Maryland
Detector used Detector(s) Used - Garrett Infinium Ls, ML Excal 2/8, 2/10, SE, WP XS-2, CZ20 8-10, White's DF , DFX, 94-96 Gary Storm NY Excalibur 8, EricFoster Gold Scan Titanium Diablo Scoop


Primary Interest: Other

... Gold

Reply To This Topic #8 Posted Nov 04, 2009, 11:42:51 am

Holding onto the Gold......

Jeff how is the detecting in OC........? I Was there about a month ago, just clad..Did find Half of a silver ring...Hope you guys are holding up...like the tat...Joe/Obn


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United StatesOffline
Posts: 479
deming n.m.
Detector used Detector(s) Used - Any thing Available within 50ft

Reply To This Topic #9 Posted Nov 04, 2009, 11:52:24 am

The Dollar is taking a crap.

I would hold it if I had it.

Gold Never goes up or down in value.

The Dollar is Dumping.

<a href="http://www.youtube.com/v/z6NfXk7Bvc8" target="_blank">http://www.youtube.com/v/z6NfXk7Bvc8</a>
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United StatesOffline
Posts: 193
ocean city maryland
Detector used Detector(s) Used - excalibur, cz20, v3

Reply To This Topic #10 Posted Nov 04, 2009, 12:17:31 pm

thanks to all for your input  jeff
Director-Search & Recovery Team of Oakland County.

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United StatesOffline
Posts: 9125
In Michigan now.
Detector used Detector(s) Used - Excal 1000, Sovereign GT, CZ-20, Tiger Shark, Tejon, GTI 1500, Surfmaster Pulse, CZ6a, DFX, AT PRO, 1235. 1280, Surf PI Pro, many more.


Primary Interest: All Types Of Treasure Hunting

Reply To This Topic #11 Posted Nov 04, 2009, 12:57:10 pm

Bill is right.   icon_thumleft  I'd sell only if I really needed the money or thought I was gonna croak tomorrow.  Gold will always go up in the long run.

(C) Sandman, 2005. All Rights Reserved.
"TIME IS THE ONLY THING YOU NEVER GET BACK, WHY WASTE IT SWINGING A DETECTOR THAT ISN'T UP TO THE TASK."
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Posts: 275
Orlando Fl.
Detector used Detector(s) Used - Excalibur 1000

Reply To This Topic #12 Posted Nov 05, 2009, 05:12:50 pm

If you need to, sell some and keep some. I personally think that with the Fed committed to low rates for at least 6 months and the dollar continuing to weaken, gold has a good chance of going higher. If you see employment coming back that will be the signal for a rate increase and a corresponding drop in gold prices. Anyway the best thing to do is get out there and find more. More is better.

Tek

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