Gold touching £1,000 per Toz - Good or Bad ?

[Pete]

Personally I am excited about gold returning to near £1,000 per ounce meaning I am no longer sitting on a big paper loss any more.
What I find difficult to absorb is the sudden push from dealers to buy more.
Good time to be selling your older stock that cost 10% less perhaps.
Surely you don't buy now as the price has risen so much lately - or - do you, expecting more upside ?
 

[Martlet]

As its from currency weakness i dont think the price will hold.  Buying now is a risk there will be good or just benign news on Brexit front and £:$ rises 4-5%

[sovereignsteve]

sell some bullion now, wait for the pound to rally and re-buy

[Nick1368]

I kind of predicted the spot price to be around £1000 at this time of year and my plan was to stop buying when November is finished and start buying again in the new year and I shall stick to this plan.

in terms of how I feel about the current spot price, I must say I am very happy about it,  I started buying in August and bought most of gold when the spot price was under £930 or even under £910, did buy some when it was between £950 and 965 as well, so obviously I am very happy to see what I own is gone up in value, right now If I want to sell my stack I would make a lot of profit even if I sold them all to a dealer let alone on eBay or here, but I am not selling anyways.

[silenceissilver]

On 11/12/2018 at 17:15, Pete said:

Personally I am excited about gold returning to near £1,000 per ounce meaning I am no longer sitting on a big paper loss any more.
What I find difficult to absorb is the sudden push from dealers to buy more.
Good time to be selling your older stock that cost 10% less perhaps.
Surely you don't buy now as the price has risen so much lately - or - do you, expecting more upside ?
 

I have started this summer and buy whenever the paycheck comes in, regardless of the price. In the long run it will break even. Can't say I'm happy about gold close to 1000 though.