I HAVE SOME GOLD COINS TO SELL AND GOLD PRICES HAVE DROPPED. I'VE HEARD IT WILL GO UP IN THE NEAR FUTURE. NEED TO SELL, BUT WAITING FOR IT TO GO UP.
2006-06-14 09:36:37 · 3 answers · asked by leo_galpalval 4 in Business & Finance ➔ Personal Finance
Nobody knows what the price of gold will do in the future. If someone claims to know, they are fooling themselves or trying to fool you.
You could sell a portion of your gold (1 coin at a time, or whatever) at regular intervals, say each week or each month. That way if it keeps going down, you're getting some money out at today's relatively higher price. If it goes back up, you'll still have some left to sell at the higher price. Good luck.
2006-06-14 12:31:51 · answer #1 · answered by rainfingers 4 · 1⤊ 1⤋
Gold has a bad track record as an investment. Looking at the past 100 years (and this includes 2 world wars and multiple depressions), any other form of investment (stocks, bonds, real estate) has done better than gold.
2006-06-14 17:15:55 · answer #2 · answered by Flush 2 · 0⤊ 1⤋
Yes they will go up. Buy more gold.
2006-06-14 09:41:30 · answer #3 · answered by oops1388 4 · 1⤊ 0⤋