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-   -   Do you have the FEAR factor? (http://www.goldclubasia.com/forum/showthread.php?t=15092)

anlok 03-10-2014 06:02 PM

Do you have the FEAR factor?
 
Hi all, testing GCA market grounds to see who's pessimistic/fearful of buying bullion. Gold and silver included BUT not numis as it's not highly dependent on spot movement.

daniel.yrh 03-10-2014 06:07 PM

fear in what sense?

fear in being rob? fear in wifey throwing my silver stash assuming they were trash? :p

daniel6886 03-10-2014 07:09 PM

Still buying as per normal monthly quota.

Altima 03-10-2014 07:43 PM

It is human nature to be fearful, especially if one is heavily invested at a higher spot price.

But now is the time to go shopping!

AgAu 04-10-2014 08:26 AM

At US$40+/oz people buy because of HOPE.

At US$17/oz people dont buy because of FEAR.

It is easier to sell bullion when spot is high.

This is the herd mentality at work. Applies for all market from PM, stocks to real estate.

Phantom 04-10-2014 09:00 AM

Actually not buying for the time being. Not because of fear, its because already hoot finished all my ammo. Need time to replenish before I can hoot again. Hopefully the opportunity is still available by then.

daniel.yrh 04-10-2014 09:46 AM

Didn't see the poll when I replied...

I bought some at $1,200. Next target $1,100 provided if it reaches that after 3 months.
If drop too fast my next target is $1,000.

Still buying but not going aggresive. I am still a strong believer in $800 since there is nothing to push gold price up.

VanGogh53 04-10-2014 10:55 AM

Quote:

Originally Posted by daniel.yrh (Post 104145)
Didn't see the poll when I replied...

I bought some at $1,200. Next target $1,100 provided if it reaches that after 3 months.
If drop too fast my next target is $1,000.

Still buying but not going aggresive. I am still a strong believer in $800 since there is nothing to push gold price up.

PM is an asset class. Like any investment, do your due diligence. You hear from video from "guru" that the USD will become toilet paper in 6 months, next year etc...This kind of talks have been going on several years. This is not to say it won't happen, but it won't happen so fast. Who knows? Can we protect our assets for retirement? I doubt so. We hear of "prepping" in the USA, and we do have a bomb shelter, and few of us will ever be prepared fully if it ever hits. So, I buy like a collection and enjoy my life in the meantime


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