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3 Responses to “A Golden Future?”

1. leftback Says:
   November 7th, 2008 at 12:29 pm

   As you posted recently, Barry, it might go to $300/500 first, but it is going to $3000 after that….. actually I think we may not be far off the bottom for gold already, but I am not piling into the miners with both hands until January.

2. Mike in Nola Says:
   November 7th, 2008 at 12:42 pm

   Any ideas on what will be a good entry point for gold. I think we almost all believe the dollar will be crap once the panic and unwind is over, but when will that be?

   Thinking of getting some small amount, maybe 10k in case of financial armageddon or zombie attacks. But then there are the issues of storage and access. If I keep it in the safe deposit box at a bank, how easy is access in a catastrophe, but then how realiable are independent storage places? How easy is is to sell it if it appreciates and what kind of hit do you take on the spread?

   Would also appreciate references for gold dealaers? Monex seems to have a bad reputation. A number of them I can’t find out much about. Finally, what form to buy, e.g. bullion, Maple Leafs, U.S. coins, etc.

   Glad I’m not asking too much

3. Mark E Hoffer Says:
   November 7th, 2008 at 7:42 pm

   Mike,

   to try to keep this simple, forget Bank ’safety-deposit’ boxes, or ‘independent’ storage non-options.

   look at kitco.com to see expectable spreads on the buy/sell, there’s is a decent approximation.

   as in any market, there are bad apples, the best thing you can do is buy a few reference books and start learning–in keeping with the ol’ adage “don’t trade what you don’t know.”

   there are, as well, many decent websites that discuss PMs–start with your fave web-searcher, yoke-up, and start plowing..