@Casper18, If you're a noob to gold you won't want to consider complicated strategies with options or whatever and I can't do them anyway. Owning any gold at all puts you in a minority. But you sound a bit wistful so I came up with a few scenarios you might consider:
- Buy gold at an all time high, but set a stop-loss.
- Buy Gold at an all time high and hold whatever happens, believing you'll be rewarded with a few years of patience. See Northstar chart for one outlook.
- Wait for a significant or even severe pullback and buy gold. Be prepared to miss out if it doesn't happen, there are other things: golf, drugs, SeanK goes scuba diving in Indonesia - pointless.
- Don't buy Gold directly at all. Wait for a correction in gold miners or developers and buy them for leveraged but risky exposure to gold. Maybe an etf like GDX* if you don't follow miners?
A no fee complimentary glimpse into my amazing mind.
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GDX has outperformed PMGOLD over a 1 year timespan
Orange line is GDX
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