Gold has been dropping like a “gold brick” in the past week and is retracting from a recent high of $1000 per ounce. This perhaps is a good buying opportunity before it shoots up again.
The only problem is that gold is scarce but I keep calling all the local dealers to see if someone is selling. Usually on dips, the dips sell and the smart people buy. Hopefully a few dips will sell their gold tomorrow.
One dealer just got in a 1000 oz. bar of silver. It was hard to believe that this silver brick was nearly 63 lbs. He wanted about 14k for it. Now if it was gold and I had a spare $939,000, I would have bought it.