h4x5k8

Why I'm Re-Establishing My Gold Position

*874 on monday ^

Why I'm Re-Establishing My Gold Position

^^
I have very recently been turned on to investment, and gold in particular, for the exact same reasoning as you JT. I plan on saving as much as I can for several months to a couple years in order to fund my worldly travels. I was unsure about keeping my savings in the USD fiat form, especially since OIL is likely to go up and the Fed is still dropping rates, so I got a few ounces at 174 on Monday. It was somewhat exciting to see the prices rise the next day - due to oil I imagine - but now it's unfortunately falling.

It is quite naive to let your hopes and expectations diminish only after a few days of market watching, all I can hope for is an overall rise in the yellow metal over the next several months, and even more hopefully over many more years as a long term investment/hedge against inflation. I do not trust our scamming Fed bank, nor do I trust the USD, so I have placed my trust in a tangible savings method to fight against a seemingly imminent recession, or at least OIL-Rise/USD-Collapse.

Good post jt!
But my question is, does this guarantee a continued increase in gold? Of course there is no guarantee HA, what am I asking that for.

The market is indeed a twitchy thing, hard to understand, hard to correctly predict, with many dynamic variables involved. Certainly a burden for a newcomer as myself.