Currently, Gold seems to be a strong/safe investment option for buyers/investors.
Previously, many experts were saying that gold may cross $1300/ounce level soon as it has the potential to do this. Now on 11th May 2010, gold broke the previous all time high record level of approximately $1225/ounce rate: the new record is now $1232+.
When you are doing business at stock markets or other businesses like Forex or Gold: what is considered as the best time to sell the shares you have or the gold/currency you have?
How about the time when the stock, you have bought, reaches a level which it has never been reached before ? : )
Investors will love to make some money whenever the profit they can get is at the highest level. When a share/currency/gold etc reach a level that it has never reached before, then this will be considered as the best time when a buyer can make some really good profits.
Please note that I am no experts and what I write here is only my personal opinion and that I am not responsible for any loss ; )
So if you had invested some money in gold when the rate was down, then now is the time to make profits.
But what if the gold rate continues to go up ?
Man, gold/stock-market/currency businesses makes you so confused : )
Yes, the rate can go up or it may come down. If you are a long term investor then maybe you should not sell your gold : )
Some experts say that this rally in gold rate will continue where some believe that this is a temporary boost due to Europe Dept issue. Experts believe that once the dept issue is resolved, investors will again start to invest their money in other opportunities including stock-markets/currencies etc.
