A lot of buzz still continues over the price of gold. I wouldn’t be in a hurry to sell your gold right now. Many experts think the price of gold will keep going up this year. I know it’s tempting with gold prices around $1500 an ounce right now. If you knew gold would be at $1600 or $1800 an ounce at the end of this year would you want to wait then? What if gold goes over 2k an ounce in 2011? These are possibilities right now and not totally out of the question.
If people continue to sell gold at the current prices, then this will help keep the gold supplies strong. We need to keep the demand for gold high and we can do this by not selling our gold now. If you don’t need the extra money now, just hold on to your gold jewelry for at least 1 more year. The few hundred you can make right now could be closer to 1000 dollars if you and others will wait. The people looking to profit with gold should help spread the word and let’s stop selling our gold! I would also recommend looking at your local options for selling gold for cash because you will get more for your money. There are gold buyers in Huntington Beach, California that will pay top dollar for your gold jewelry. Sending it away to some large warehouse can cause issues and be tough to track.
I know there is many new gold investors in the world now compared to this time last year. Gold prices have been going up for the last 18 months or so. It does appear prices are leveling off just a bit now. The main reason for this is due to the individuals and companies that are getting cash for gold. We have seen a sharp increase in the gold supplies. We won’t be able to break new records if people, pawn shops, and other gold related businesses continue to provide gold into the marketplace. The key is to diminish our current gold supplies in the market and increase our personal ownerships in the shinny, yellow metal.