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Title: [POLL] What's your position on gold (and return)? Post by: tunafish on July 12, 2013, 09:12:24 PM I've noticed alot of people on here, and the bitcoin community in general, are always absurdly bullish on gold and are regularly telling others to buy gold. I can't help but wonder if half these people actually hold gold or if they just don't pay attention to the price or if they are just that absurdly bullish.
If you are one of those crazy bullish on gold and actually hold gold are there any circumstances where you'd ever sell it? (aside from to pay for a kidney transplant or those kind of emergency situations) Those of you who do have money on or against gold, what kind of returns are you looking at? either since buy/short or the past couple months. I started out about a year ago with only a few dollars shorting a gold ETF since I could see the economy turning around. Once I sold a few btc and had some extra $ (about 2 mo. ago) I converted my short positions on gold to put options and i'm glad I did. I was doing great on the shorts but I wanted to be greedy :D I'm averaging about 225% since I got them. Last couple days have been rough though but that's just from short-term market sentiment. Title: Re: [POLL] What's your position on gold (and return)? Post by: notme on July 12, 2013, 09:41:59 PM You should make it so people can choose multiple options.
Title: Re: [POLL] What's your position on gold (and return)? Post by: xavier on July 12, 2013, 09:47:32 PM My opinion is, long term bullish, short term bearish.
As many analysts will tell you, we have been going up for 12 years now, every year. It is only natural for a correction. I think it could go to $1,000 or even lower this or next year. However, long term, I am extremely bullish. I am waiting to buy when it starts going lower. I don't think the recent price rises are a new trend, I think we're going down for a while longer. |