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!