I am thinking about buying into GOLD. The price seems kind of high
right now. Should I wait until it comes down or will the price go up
before coming down?????  I have stocks in other places and they are
not doing well (SBUX, STP, MCD, WMT). I don't know if I should just
sell some of these and invest in GOLD. Help!

I think you'd better wait for another period until the crude oil price
goes down.I am also considering investing into gold, however, I am
gonna wait until the price goes back to 800 around. Well, personal
opinion, can only be references.

Hi Yangtsefly

Are you sure that gold price will fall to 800 in near future. Actually
i am new in this field and want to invest in gold. I havent done
investment before.
Regards
Mian

party's over, gold will roll over, bottom is in the mkt

This is going to depend on your outlook of dollar right now.

I personally am buying gold now - as much as I can. The fact that we
are already experiencing ridiculous inflation and continue to give
away gobs of money is going to make the dollar continue to fall like a
rock. The 800 billion for the housing problem comes from the federal
reserve printing press. the 42 billion for aids victims comes from the
same place. The $x billion for the 'stimulus package' comes from the
same place. When you introduce new money into an economy the currency
is diluted and falls in value. This takes time but will eventually hit
the people - prices of everything go up because of inflation but
people's wages do not increase at the same rate, which devastates the
economy because people cannot afford to spend like they could before.
As a result things like gold, silver, platinum, even oil etc go up in
value while your everyday products & services stocks take a bath
because they are losing customers.

Oil is up largely because of inflation, same with gold. The question
is are we strengthening the dollar or weakening it? If you think we
are strengthening, then dump gold. If we are weakening, the buy gold.

Well, fairly speaking, the dollar is going stronger now.
With long term, the gold price is definitely going up.
However, in the short round, I am estimating the Gold price will drop
until the crude oil's price goes back to the normal level, which is
about 90.
If you wanna have more chat with me about the gold investment,
welcome.

Here's an interesting article on Gold: http://www.thenetworknewsletter.com/2008/07/31/the-golden-path/

I say inflation alone will propel gold back up to $910-ish range

Precious metals should be a part of any well-balanced portfolio.

Do not sell your stocks just because they are down - that is just
plain stupid. If anything, you should be buying more of them.

Sell a stock for other reasons - to balance a portfolio, because the
company no longer fits with your investment criteria, etc., but not
just because the price is down. That is a sure-fire way to lose money.

Think of your stocks like tomatoes. Would you rather buy them at 1.00
per pound, or at 10.00 per pound?

And if for some reason you bought 10 pounds of tomatoes at 10.00 per
pound, the only reason you would turn around and sell them at 5.00 per
pound is if you know they are going bad, and there is someone out
there stupid enough to buy them from you.