Is now a good time to buy Gold?

[QuarterMillionMan]

I like KTP's going out on a limb to make a projection of where gold might be heading. I would say a price target in February/March 2014 might be $950. However come December 2014 we could see $1700.

[pennrj430]

This is just my opinion, but I think if you just started investing in gold now, you probably missed the boat. Of course no one knows where gold is going, it could go way up again, but over the past 50 years gold has been at an average of about $406, and since the last gold boom in 1980 gold has been at an average of about $557. Of course gold had years where it was much lower like the late 90's and early 2000's gold was under $300. I think buying now is dangerous because history shows us that it's likely to go down to about what is has been averaging over the years. When gold goes back down to the "average" it might be a good time to buy to prepare for the next perspective "gold boom" in 30 years or so.

Just a thought.

[greenskeeper]

It's always a good time to buy physical precious metals if you are going to hold them for the long haul.