This sentiment indicator has been developed over the past several years and this is the first public forecast to be provided to goldprice.org visitors.
However, this gold price forecast is for the short term and in the longer term the price of gold and silver is going much higher. It is wise to buy gold and silver on a dollar cost average basis. Set a budget for buying gold coins or silver coins each month and keep accumulating physical gold and silver month after month irrespective of the price and you will do very well in the long term.
In addition to buying gold and silver coins from your local gold dealer, you may want to also consider the Gold Accumulation Plan provided by goldmoney.com which allows you to buy gold automatically each month.
Here is some information from the goldmoney.com website about their Gold Accumulation Plan(GAP):
"GoldMoney's GAP is the easiest and least expensive way to accumulate gold.
- Determine the amount of gold you want to purchase monthly: $50, $100, $250, $500, $1,000, $2,500, $5,000 or $10,000 per month in either US or Canadian dollars
On the 15th of each month goldgrams will be purchased on your behalf at only 1.9% above the spot gold price. The cost of your purchase is automatically debited from your checking account. And you have the convenience of 24/7 online access to check your goldgram balance plus the security and safety of allocated storage* in an insured vault."