Does it make sense to Buy gold at this level???

I know I am very late in answering this discussion, but I could not resist the topic. Which woman can resist Gold. Gold is a good buy at all levels. There is no replacement for Gold's emotional appeal. I would buy Gold at every opportunity

I would rather wait for the gold to come down a bit, even though I should admit that I am very bullish on Gold. What do you suggest? Should I add Gold at these levels???

Hi, Whenever something goes up like this has to come down as some time, you can't predict the exact time, but it has to definately come down, like in Share markets, they went up and up and when the bubble bursted, the fall was also rapid. Similarly will happen with Gold and Silver as well, both of them went up in past one year, and the fall is dew now, but when not sure, but sooner or later it will come down to very low price as compared to today, so wait for investment as of now as per my view, wait for a downfall and then invest.

there may be a correction round the corner, try to wait for some time, so that prices fall before buying gold

I'd say that it's time to sit. I don't know, seems to be alot of bargains in real estate, if you really have alot of money burning a hole in your pocket. Gold very well may keep going up. The dollar more than likely will keep losing value, which means that everything will keep going up. But, watching how the markets are behaving, I've got to say, I think they are all being manipulated by the big players, ya know, the ones who've received the billions in bailout money. These players aren't gonna let gold, or silver, or anything else spike, even if all the economic fundamentals scream that they should, they will just keep playing their game of hot potato with these assets to keep them where they want them.... heck, if the dollar keeps going down, and keeps getting printed up the way it has been, well...might be better off just to by more of what you know you are gonna need, ya know, canned food, toilet paper, ect....

I think that it still makes sense to buy gold at this level. Our world still hasn't accounted for the trillions of dollars that was infused as bailouts for the financial system during the recession. This means that hyper inflation is coming, and a rapid devaluation of the US dollar is coming. The most popular hedge against the US dollar and the most popular insurance against inflation is GOLD. These two factors will bolster the demand for gold. Couple that with the consistent decline in gold production year over year (meaning that supply is dwindling annually), then we will see gold rising much higher in the years to come. So buying in at this level locks in your price early. The really wealthy folks out there are the ones who bought in during the early part of this century during the dot com boom and bust, and continue to hold their gold assets. Gold then was selling for around $300 to $400 per ounce.

I think it will not fall more, so if one has money buy gold, keep safe and resell.. Thanks for sharing. Welcome always. Cheers. Prof