Gold hits record high

i hope the bullion gets up to $1,475. oz (USD)...because my gold miner stocks lag about a week
or so behind the spot price


the reason is because i plan to sell some shares around May 1st to pay off some liabilities...

Here is one example of buying into prescious metals, to have the ability to pay off debts with the
gains one has made during the Gold run-ups...
then to re-buy the shares sold, when they become cheaper during the pullbacks

this strategey has worked for me 99% of the times i've done it in the last 3 years...
my one time decline in my holdings/position was when the next run-up in gold stocks
lasted longer than expected and i was not able to recover a total of 18 shares (in my fund)
for the same $2000. of USD it provided me 6 months earlier.
(IOW = my holdings diminished- but my Principal remained the same) No great shakes



i expect (hope) to time this current run-up in price...cash in some shares now...
then to recoup those sold shares with less expensive shares during the expected
summer 2011 slowdown of Gold & PM...

A standard sell on the peaks= buy on the dips model.
that's how owning AU & PMs helps you throughout this volitile time...

Originally posted by TedHodgson
reply to post by EyesWideShut

 

Ill give you £930 For it

Im assuming its The 1oz Srandard?....

Well I picked it up for roughly 581 pounds so I'd profit nicely... but the price of gold isn't going down any time soon!

I am not going to chase gold or gold stocks as they spike to over $1,400 an ounce. However, I might look at selling some positions into this spike in the coming days.

yes buy gold it is not far from the $1,500 an oz mark as seen here
www.kitco.com... this is real time price monitoring,
for all your $$$$$ metals, enjoy the climb fro it is not long before it starts a down ward trend just like the housing market, $1,500 one day $550 the next.