First off, I’m a huge fan of this site – not only because of all of the great stuff from Turd, but also because of the community. I read the blog and forums nearly every day and have learned a ton. Everyone is extremely helpful.
Anyway, I’m now planning to pop my gold cherry and buy some physical. Of course, timing is everything and you’re looking at the guy who bought silver back in late April in the high 40s (emotions got the best of me).
Having said that, I’m a little hesitant to buy physical right now. What a run we’ve seen in gold the past week+! We’ve had such a good run that it seems like gold is sure to back off a bit, but what if it doesn’t? What if the summer doldrums are over and it’s off to the races?
Do folks see a correction coming (at least short term) and should I wait and bide my time, or is this the start of something big? I’d hate to buy now and then watch the price plummet (even though I am a firm believer in the fundamentals and am in for the long haul).
Thanks for your thoughts!