it is most assuredly not well understood by most investor,at the beginning of 1970's when gold was about to undertake its historic move from $ 35 to $800 per ounce in succeeding ten yrs,the same observation would have been valid. the only difference this time is the fundamentals for gold are actually better.
in my experience in year 1994 i buy a 21 carat gold a Bangle type bracelet for 35 Saudi riyals per grams,can you imagine this year 2011 the price of Saudi gold is about 190 to 195 Saudi riyals per grams.
Gold is not subject to
inflation or depression. In fact when the Dollar drops gold is seen to be more
valuable because it does not follow the drop suffered by the fiscal currency
but maintains it’s own integrity and value.
Of course if one needs the money one can sell gold, but that is not dependent on the value of the gold or the investment value.
Apart from that scenario which is more dependent upon one's own circumstances than the circumstances of gold price movements, when is the best time to sell gold?The very best time to sell your gold bullion or gold coins is ... well ...Never!
Of course if one needs the money one can sell gold, but that is not dependent on the value of the gold or the investment value.
Apart from that scenario which is more dependent upon one's own circumstances than the circumstances of gold price movements, when is the best time to sell gold?The very best time to sell your gold bullion or gold coins is ... well ...Never!