Good time to buy gold?

[Souldancee]

Hi everyone 😊

 

Is a Good time to buy? 

Edited July 7, 2022 by Souldancee

[ChrisSilver]

Hi, I have moved your post to a new topic otherwise it will derail the gold monitoring thread.

As per the welcome email you may also wish to make a topic in the welcome new members section.

[LawrenceChard]

3 hours ago, Souldancee said:

Hi everyone 😊

 

Is a Good time to buy? 

Do you really need to ask?

😎

[bean182]

If there is ever a bad time to buy gold, this is not it for sure.

[LawrenceChard]

12 minutes ago, bean182 said:

If there is ever a bad time to buy gold, this is not it for sure.

As it's 14.32 in dubai, that's quite a good time. 02.32 migh not have been quite as good.

@Souldancee might get a better deal from a well-known dealer in Blackpool, UK, than in Dubai, although I don't know about the shipping cost.

😎

[Orpster]

Buying large quantities at once is an impossible call, gold goes up, gold goes down.  

Buying regular amounts to maintain a cost average, every day is a good day to buy gold  

Its low compared to recent months today, but who knows what will happen tomorrow.  I have been buying long enough to remember being nervous when sovereigns reached £100

These days I buy what I like on impulse, and a bit of bullion every month depending on what free cash I have

If your just starting out, small and often, maintain a cost average and remember gold is for the long term.  I find it helps to be in the mindset buying gold is not spending money, just converting it to different money.

 

[Britannia47]

‘Using’ TSF for financial advice on a very first post is a bit blunt IMO!  I've been to Dubai several times, and bought gold there. In Dubai all you have to do is visit the gold Souk and get all the free advice you want!🙂

Edited July 7, 2022 by Britannia47

[Paul]

These days, I only buy gold on days that end in a  " Y " 

[LemmyMcGregor]

4 hours ago, LawrenceChard said:

As it's 14.32 in dubai, that's quite a good time. 02.32 migh not have been quite as good.

@Souldancee might get a better deal from a well-known dealer in Blackpool, UK, than in Dubai, although I don't know about the shipping cost.

😎

Is's 5 o'clock somewhere.

Buy that gold, drink that G&T.

[geowill989]

4 hours ago, Orpster said:

Buying large quantities at once is an impossible call, gold goes up, gold goes down.  

Buying regular amounts to maintain a cost average, every day is a good day to buy gold  

Its low compared to recent months today, but who knows what will happen tomorrow.  I have been buying long enough to remember being nervous when sovereigns reached £100

These days I buy what I like on impulse, and a bit of bullion every month depending on what free cash I have

If your just starting out, small and often, maintain a cost average and remember gold is for the long term.  I find it helps to be in the mindset buying gold is not spending money, just converting it to different money.

 

This. This as the cornerstone of any investing strategy.

[SidS]

If now's not a good time to buy gold, then I don't know when is. Just look at the state of the world.

Don't buy silver though, silver's rubbish. 🤫

[Paul]

5 hours ago, Orpster said:

Buying large quantities at once is an impossible call, gold goes up, gold goes down.  

Buying regular amounts to maintain a cost average, every day is a good day to buy gold  

Its low compared to recent months today, but who knows what will happen tomorrow.  I have been buying long enough to remember being nervous when sovereigns reached £100

These days I buy what I like on impulse, and a bit of bullion every month depending on what free cash I have

If your just starting out, small and often, maintain a cost average and remember gold is for the long term.  I find it helps to be in the mindset buying gold is not spending money, just converting it to different money.

 

^^^ 101% this ! 

Just now, SidS said:

Don't buy silver though, silver's rubbish. 🤫

^^^ 102% this !  

[KevjustKev]

2 hours ago, LemmyMcGregor said:

Is's 5 o'clock somewhere.

Buy that gold, drink that G&T.

You mean?

 

[dicker]

Buy low, sell high.  Never forget that.  

Failing that, cost price averaging

 

[Souldancee]

Thanks all, i did buy some gold a silver, a little bet of this and a little bet of that 😊. 

Will keep monitoring for future opportunities in this great forum. 

[GoldDiggerDave]

Buy it any day you can afford to buy gold that simple.  No graphs, pie charts or power points required.

[Paul]

8 minutes ago, GoldDiggerDave said:

Buy it any day you can afford to buy gold that simple.  No graphs, pie charts or power points required

Yup. Basic instructions like mine but it works, when you rinse and repeat, rinse and repeat 

[Happypanda88]

20 hours ago, Souldancee said:

Hi everyone 😊

 

Is a Good time to buy? 

How many kilos were you looking to buy !? 😬😉