Tim Bradford - AMMCorp.net

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Gold Bubble??? Would you buy Gold Today?

Here is a chart that I found at http://www.kitco.com/charts/livegold.html that shows Gold prices over the last 10 years.  Are we looking at a Gold bubble? 

10 Year Gold Prices

I believe a number of people are advocating the purchase of gold for security.   Is this similar to the way homes were being sold?   Consumers were purchasing homes thinking Home values never go down, they are secure.   With what we have seen over the last few years we know that that is not true. 

Share your opinion if you want. 


Tim Bradford
Ohio Mortgage Banker LO.007173.000/ NMLS 250013
Cell: 216.324.8113 Anytime
www.GetAMortgageNow.com or www.Go2Apply.com
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Serving the Ohio Realtors and Home Buyers and Home Owners
Comment balloon 6 commentsTim Bradford • April 06 2009 07:22AM

Comments

Tim,

The verdict is out on which direction gold prices will go. I believe if the economy starts to recover then gold will retreat. If the economy continues to flounder then I believe we break through 1000.

Posted by Mike Frazier, Northwest Tennessee Realtor (Carousel Realty of Dyer County) about 8 years ago

Tim - a friend of mine bought gold just before it's peak in the early 80's. 2 months later it collapsed. While I don't foresee a collapse of the gold market, as Mike stated, if the economy improves, gold will go down, unless there are more international tensions.

Posted by Mike Saunders (Lanier Partners) about 8 years ago

Mike and Mike,  

I agree with both of you, as far as a short term move, it might be something to do.   However the question is when to sell it if you bought it.   I do believe that sometime in the future it will rebound, I would hate to be someone that bought at the top, similar to individual that bought at the top of the housing market. 

Posted by Tim Bradford, NMLS 250013 about 8 years ago

I don't see much of a rise in gold prices.  I have some odd things that I am going to dump just for that reason.

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) about 8 years ago

I take a different view on this as an auctioneer.  When you say "gold" to me, I think of gold coins, jewelry, scrap, etc.  Is there money to be made on this stuff?  Absolutely.  Especially with gold coins (antique preferred).  If I were going to invest in anything - it would be in antique coins.  There is a huge demand for them and they can always be liquidated quickly. 

Posted by Michael Hoffman, CAI, AARE, CES, BAS (Michael Hoffman & Associates) about 8 years ago

William,   Sorry that I missed your comment earlier.   Thanks for your comment.   I would agree that over the long run, I might not hold gold. 

Michael, I agree collectables (with the Gold Content) would be something to consider because the value is in the collectable nature of the item.   As far an Gold Coins, Antique would be the only way I would purchase them.   The current Gold Coins only offer the ease of sale and are priced in relation to gold itself.   I remember back years ago when Silver prices soared, I sold $100.00 in common silver coins.  I was very lucky that I sold when I did because I was near the top of the market then. 

Posted by Tim Bradford, NMLS 250013 about 8 years ago

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