>>1365842
you guys are always too late to the party

>>1365842
Potentially a good idea, because a recession is due soon, but the main issue is uncertainty on what "soon" means (i.e. whether it's within the next year or within the next four years).

a few months ago was a good time to buy gold, now the price is pretty high thanks to generally weak stocks and now the brexit

>>1367705
general rule of thumb buy what the masses sell, sell what the masses buy.

they are reactive doing the opposite is risky but has a potential of much greater gains.

>>1367682
But during the recession caused by the '07-'08 meltdown, gold spiked. From the start of 2007 to the start of 2008, the price of gold went up 37.7%. I'll admit that I have very limited knowledge on the subject and that my advice in >>1367337 stems from the rule of thumb that when investors flee the markets, they run to gold (markets down, gold up), but wouldn't one expect to see a similar jump in price during the upcoming recession?

>>1367890
That recession contained an oil price surge, increasing the costs of mining operations and price surges trickle down to the customer - which was the gold pike we saw. this time around oil is cheaper.

>>1367979
So why wasn't the collapse in the price of oil from mid-2008 to 2009 (from around $140 per barrel to about $45ish) mirrored by a similar collapse in the price of gold?
I don't mean to be confrontational, if that's how it comes off, I'm just trying to learn.

>>1368009
Around the same time, China's industrial market and stock market were very volatile so the demand for gold never dropped.

>>1368039
>the demand for gold never dropped.
Well not until much later, anyway.