Gold Prices Set New Record! When Should You Sell Gold With This Economy

There are several significant events that have affected the market for investments

recently and caused assets such as Gold to raise towards extraordinary levels. For example, the European Bank is being faced with an overwhelming debt crisis concerning the pending Bankruptcy of the country of Greece and bad credit in many more countries such as Portugal. What this means for us in the US is that our dollar is becoming stronger than the Euro, and worldwide the gold price is increasing from uncertainty. The way things are progressing for the summer of 2010 is getting interesting.

For one of the first times in recent years, the US dollar is rising at the same time as Gold, for which most commonly the opposite is true. Also Crude Oil prices are not increasing with Gold which again is most often a market trend. So where will the future of Gold rest? Right now it seems likely that Gold may even continue to rise but the market is dipping in and out. The best advice we can give is to take advantage of the highest gold prices in history and sell some gold now.

In America this is good news, the dollar is getting stronger so finding cash for gold sources to sell gold are positive and advantageous. Perhaps however you may wish to split your gold into amounts which can be claimed now and amounts which can be cashed in later. The bottom line, however, is to take advantage and get paid now! We all know what happens when you ride a roller coaster to the end; you get off where you started whereas instead getting off at the top or on the way to the top puts you at a higher level. The fact is that gold prices will eventually go back down to more reasonable levels along with supply and demand factors, the unanswerable question is when.

by: Derek Robertson

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