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_N_ · 12-10-2008, 01:55 PM

Lately, I have been doing a lot of reading regarding the price of gold, some say everyone is buying now and it is overpriced, back when it was around 300 USD it was well under priced because it costs more to mine it.

So, what is the ideal spot, I'm thinking 700USD is a good price, but now we are reaching more to 800USD. Too many people are going into gold lifting the price over the real cost of mining the gold.

In EUR, it is at 600 EUR, which not bad, but if you look at the price in 2004 it was 350 EUR, in 2006 it was 500 EUR and it peaked at 650 EUR. I am looking at buying some more gold, but I'm gonna wait one more week, if it goes down below 600 EUR, great, if it stays at 600, I'll buy at 600. But I'm not going to change all my money into gold, I don't think that it will be that bad over here in the Euro Zone.

12-10-2008, 01:55 PM	#6
_N_ Avalon Senior Member Join Date: Oct 2008 Posts: 53	Re: Gold prices in Europe Lately, I have been doing a lot of reading regarding the price of gold, some say everyone is buying now and it is overpriced, back when it was around 300 USD it was well under priced because it costs more to mine it. So, what is the ideal spot, I'm thinking 700USD is a good price, but now we are reaching more to 800USD. Too many people are going into gold lifting the price over the real cost of mining the gold. In EUR, it is at 600 EUR, which not bad, but if you look at the price in 2004 it was 350 EUR, in 2006 it was 500 EUR and it peaked at 650 EUR. I am looking at buying some more gold, but I'm gonna wait one more week, if it goes down below 600 EUR, great, if it stays at 600, I'll buy at 600. But I'm not going to change all my money into gold, I don't think that it will be that bad over here in the Euro Zone.