Are you still buying gold now its went up in price?

[Smiler999]

Like the title says, are you still intending to add to your stack now its touching 1400/oz, or are you holding back?

I myself was intending to get a 2022 sov and ¼ gold Brit, so I dunno what to do lol

 

[chrisdobb]

Infation figures don't look as if they will fall any time soon, either here or in US.

I started stacking only a few weeks ago and yesterday I moved into positive territory so my feeling is I should buy, but no too sure if I am confident to keep stacking as I am buying a lot quicker than I thought I would.

This whole situation is just so addictive.

If I apply pound cost averaging it says I should buy more now!

[Smiler999]

Pound cost averaging, I'm at break even on my holdings if it goes to about 1410 then premium, I was hoping to get my average down before I got these 2 coins lol 

[KevinFlynn]

I will, I have nothing else to buy... 😄

I have no real idea when I would stop buying gold. I bought at under €1000 once, now I'm buying at over €1500 - I'm telling myself every Euro spent on gold is an Euro saved.

[adamantio999]

1 hour ago, Smiler999 said:

are you still intending to add to your stack now its touching 1400/oz?

Short answer... yes.

Long answer...yesssssss.

[frugalman]

Difficult to say when I've just recovered the premiums back on last months purchase.

I may turn to fractional for a bit.

   

[CANV]

its easy to get fixated on a price thats personal to you ..  break even being obvious, but also levels you wanted to get in at but it didn't quite get down there.  then its too hard to pull the trigger as it rises..

many people won't add until they are onside .   or If you have sold out at a certain level and it carried on up its often hard to get back in..   

I try to ignore all of the above and think when I have some spare cash I'm going to use that money, to buy money.   better money. 

[Stuntman]

I will definitely still buy certain gold items that I want to buy.  But I will potentially try and buy on the dips (if any).  I tend to set myself a budget ceiling price for a given bullion coin and then buy it once I've got the money.

Occasionally I have to raise this ceiling price if the spot price keeps going up, but usually I set the ceiling price so that I have enough headroom to still buy the coin anyway if I really want it.

So yes - I'll keep buying for the time being when there are new gold coins or bars I want to buy.  2022 bullion sovereigns and any special Platinum Jubilee coins are what I'm saving for.

[Smiler999]

33 minutes ago, CANV said:

its easy to get fixated on a price thats personal to you ..  break even being obvious, but also levels you wanted to get in at but it didn't quite get down there.  then its too hard to pull the trigger as it rises..

many people won't add until they are onside .   or If you have sold out at a certain level and it carried on up its often hard to get back in..   

I try to ignore all of the above and think when I have some spare cash I'm going to use that money, to buy money.   better money. 

I've no intention of selling my holdings, ideally looking to build up to 10oz first, likely be fractional ie sovs and ¼s as funding permits lol 

[TerryGriffiths]

CPI data was released in USA. There is inflation fears which has driven price of metals up. If you are buying PM you should be taken a long term view on it. The cash you hold is not doing much in the banks and will be eroded over time. Food prices is at least 10% a year, maybe more,. Take a long term view on it and you should be able to sleep at night with some insurance in your portfolio. Metals generally do well in a inflationary environment.

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[modofantasma]

I will continue to buy. My first sovs were in the £230s. Sure it seems 'expensive' buying now when you look at the price but I stick to my strategy of accumulating on the dips and measuring my holdings in pounds. Lbs not £ 😉

[Jvw]

3 hours ago, Smiler999 said:

Like the title says, are you still intending to add to your stack now its touching 1400/oz, or are you holding back?

I myself was intending to get a 2022 sov and ¼ gold Brit, so I dunno what to do lol

 

Yes! 

 

 

[James32]

10 minutes ago, modofantasma said:

I will continue to buy. My first sovs were in the £230s. Sure it seems 'expensive' buying now when you look at the price but I stick to my strategy of accumulating on the dips and measuring my holdings in pounds. Lbs not £ 😉

Have a similar view except I have to measure mine in grams lol

[modofantasma]

Just now, James32 said:

Have a similar view except I have to measure mine in grams lol

0.01 lbs is still measuring in pounds right? 😁

Looks more like a btc denominación 😂

[James32]

1 minute ago, modofantasma said:

0.01 lbs is still measuring in pounds right? 😁

Looks more like a btc denominación 😂

🤣🤣 grams sound so much more though

[modofantasma]

1 minute ago, James32 said:

🤣🤣 grams sound so much more though

When someone asks how tall you are do you tell them in millimetres? 😂 

[Abyss]

I try to time my purchases on the dip sometimes I get fortunate sometimes I don't. But I know Gold is a long term bull market over the next 20 years. Looking back I bought 1 oz Gold in 2018 for £1000. All because price now almost £1400 does not imply I stop. Wait for a pullback in price, wait for confirmation (often several times) then I pull the trigger rinse and repeat continuing to buy on the pullback at higher prices. Gets very complicated when looking at price of Gold in £ and then $ on a chart. Even though I am in the UK I only look at the price in $ when buying on pullbacks. Try not look at the Gold stack in terms of how much worth in £ or $ or other fiat currencies measure your wealth in oz's Gold. Done this with property I own, my salary you will  start seeing from a different perspective.

Edited November 11, 2021 by Abyss

[James32]

1 minute ago, modofantasma said:

When someone asks how tall you are do you tell them in millimetres? 😂 

🤣🤣 of course I do, 1879mm high is my answer.

Then if they ask my weight I say uckkkk off😁

[modofantasma]

4 hours ago, Smiler999 said:

 

I myself was intending to get a 2022 sov and ¼ gold Brit, so I dunno what to do lol

 

If you're unsure about the current price you could buy one of the coins you mentioned at a time to spread the purchases out over a time frame that suits? Whatever helps you sleep sound at night 

[Bigmarc]

I am keeping a careful eye on the gold to silver ratio. If it reaches 40/1 then I will do a exchange regardless of price. 

[TeaTime]

I think it all depends on how much pleasure you get from owning it and what else you would spend the money on.

If i were to buy an ounce of gold at £1400 and the price dropped to £1200 next year i would probably tell myself i'm still £1200 better off than i would be if i'd spent the money on wine, women and raucous behaviour. I just wouldn't have the memories 😁

[Hunter87]

No gold purchases I’m going to start stacking cash instead for when it drops again. 

Edited November 11, 2021 by Hunter87

[James32]

29 minutes ago, Hunter87 said:

No gold purchases I’m going to start stacking cash instead for when it drops again. 

Take up a while lot of room though 😁

[CollectorNo1]

7 hours ago, Smiler999 said:

Like the title says, are you still intending to add to your stack now its touching 1400/oz, or are you holding back?

I myself was intending to get a 2022 sov and ¼ gold Brit, so I dunno what to do lol

 

All depends on if you are a flipper or long term holder..if the latar..I'd say YES....

[noddycoder]

17 hours ago, Smiler999 said:

Like the title says, are you still intending to add to your stack now its touching 1400/oz, or are you holding back?

I myself was intending to get a 2022 sov and ¼ gold Brit, so I dunno what to do lol

 

As soon as I get spare cash I'll be buying more metals, probably gold, not so much silver these days. My timing is cr*p, so I just by when I have spare funds.

I first started buying at £300/oz, recently bought at £1295/oz. It's gut wrenching when you make a purchase then watch the price drop, but if you're comfortable with the long-term fundamentals driving the gold price then you just ride the dips out.