AgStacks63 Posted September 15, 2015 Report Share Posted September 15, 2015 So i'm dragging my feet over here ahead of Wednesday's FOMC meeting trying to anticipate how low spot will go... Any one want to throw out a prediction? (NOT HOLDING YOU TO IT) Quote Link to comment Share on other sites More sharing options...
Davobenz Posted September 16, 2015 Report Share Posted September 16, 2015 Had a look at the 20 history gold price graph. A line of best fit for a 20 year period would suggest that the spot price may go as low as U.S.$800. For investment hedge purposes, the time span you are looking at for gold, should be selected according to your investment horizon. If you want to hedge into or out of a gold positon, the best way is to use dollar price average buying or selling over a period of time, that best suits your investment needs and horizon. My first gold coin was bought when I was a teenager. I still have it, more than 50 years later. The volativity of the current price of gold, however how loud or soft, bothers me little; I only take a passing interest in it. Large peaks or troughs in the gold price just pass me by. Been there, done that. Quote Link to comment Share on other sites More sharing options...
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