Buy or Sell Gold?

The Washington Post this week published an article asking “Is Gold Right For You?”, by Bob Frick. The article highlights benefits of gold as a hedge against inflation, due to the fact that it has a calming effect in a frazzled economic situation. However, the article does question the validity of the reasoning….

Reason #1 –
Gold can have beneficial effects on a total investment program. Gold brings diversity to a portfolio as gold tends to rise as stocks and bonds have fallen. Gold also keeps up with inflation. However, many advisors complain that there are other investments with better returns than gold. Many advisers recommend no more than 5% of a portfolio in gold.

Reason #2 –
The price of gold will continue to rise substantially. However, investors warn against taking this too seriously. Gold dealers suggest that gold will continue to rise as inflation continues, but the bottom line is that no one can completely predict the path of gold.

Reason #3 –
Gold will offer protection in the event of Financial Collapse. In this scenario, gold coins would rise substantially. Most analysts and investors claim that this scenario is highly unlikely.

Click here to read the article and take the quiz that tests your knowledge of gold.

Those wishing to buy gold can buy through ETF (electronically-traded funds) such as SPDR, Comex Gold Trust, or Street Tracks Gold Trust.

Those wishing to SELL Gold should Use our blog as a resource for the current state of gold in the marketplace. Click here to use our site to sell your old gold jewelry and scrap gold! We guarantee 100% customer satisfaction at Cash4Gold!