Reply #3: the time to really buy gold was 1998

[paulsby]

fwiw, i started investing in a gold fund in 1998. it was like $250 an ounce.

my gold fund QUADRUPLED.

while gold certainly can go higher, just like every bubble, there are lemmings saying that NOW IS THE TIME ***after*** the huge move. seen in real estate in 2008 and tech stocks in 2000.

fwiw, i covered most of my dollar short play, as mentioned, and there are actually some nice swing longs in the dollar index and dollar pairs (paired with yen or euro)

but i just find it hilarious that when gold is at 1000 an ounce, NOW we have gold bugs.

when it was at $250, nobody would even mention it on the financial channels.