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Is Now A Good Time To Buy Gold?

good time to buy gold

According to Michael J. Kosares, one of the country’s foremost gold experts and the author of numerous books on the gold market, gold should essentially be thought of as ‘wealth insurance.’

“You cannot approach [gold] the way you approach stock or real estate investments,” Kosares says. “Timing is not the real issue. The first question you need to ask yourself is whether or not you believe you need to own gold. If you answer that question in the affirmative,” he goes on to say, “there is no point in delaying your actual purchase, or waiting for a more favorable price which may or may not appear.”

In other words, gold is one of the most secure financial investments available, and if you’re ready to diversity your investment portfolio with the addition of gold, there’s not much point in waiting for prices to fall, which tends to happen during times of economic crisis. There were periods during the height of the 2008 financial crisis, for instance, during which demand for gold was so great that actual shortages occurred.

So yes, now certainly is a good time to buy gold, which, aside from its positive relationship with the US dollar, has been performing well in other currencies for a few months now.

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Is Now A Good Time To Sell Gold?

sell gold Bucks County PA

Unless you happen to be a fairly economically secure individual—someone, for instance, with a broad range of financial investments—you’re probably not in the habit of staying up to date on the fluctuations in the gold market.

And if you don’t have a few dozen gold bullion bars stashed away in a security vault somewhere, why should you, right?

Well … that’s not necessarily the case. And here’s why: Gold has lately been trading at record highs. And if you’re like most people, you may have more access to potentially valuable gold items than you realize.

Of course, as is the case with the rest of the world’s major commodities markets, the price of gold fluctuates on a daily basis. But since 2010, the price of gold has barely dropped below $1,200 an ounce, which is roughly what it’s trading at right now.

When Gold Is Overpriced, You Might Want to Sell

At the time of this writing, gold’s price per ounce was exactly $1,192.23. At various points over the past two years, the per-ounce rate has risen as high as $1,800. For just one ounce!

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