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Wednesday, December 14, 2005

When is the Best Time to Sell Gold?

It has been asked, when is the best time to sell gold? Apart from traders who buy and sell, most people actually hold their gold in a number of ways. Bullion, gold coins, gold held in trust or escrow for them and visible through an accounting process are some of the ways.

Shares in gold mining companies (miners) are also available but this is not quite the same as holding gold and the value of such shares can depend more on the activities of the company than the value of gold itself.

There is nothing quite like having and holding gold in your hot little hands.

The trend of gold since the 1800s to present time is, overall, stable and now rising. From 1800 to the 1970s the value of gold compared to the US dollar remained stable at around 29 to 31 dollars per ounce. From the 1970s to the 1980 is rose to over 600 dollars per ounce. A very dramatic rise and many will remember this. It has since dropped and stabilized in the range of around 300 to 500 dollars per ounce but appears to be rising again.

Unlike the US dollar or any other floated fiscal currency, gold (and silver for that matter) maintains a stability not subject to the same manipulative forces as currency is. 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!

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