To Buy Gold or Not?

on April 30 2013 9:01 AM
Gold Bars
Gold could be an option for euro zone fundraising. Frank Rumpenhorst/AFP

Should you buy gold or not? That’s the question and everyone seems to have an answer. Unfortunately they’re never the same. Some analysts fear the low prices of Gold that we’ve seen in the past month will surely signal another recession. Others say that it was just a fluke and justify it by the fact that the price of gold is improving. Slowly yes, but still improving.

Gold prices are currently up $22.00 to $1,475.60 an ounce. Considering it was well below $1,400 an ounce this time two weeks ago, many investors are breathing a sign of relief as it’s steadily rising. If this trend continues, gold will be over $1,500 an ounce in no time.

What investors need to understand is that like with anything, gold will have their good days and bad days. Stop-losses will occur and profits will be made. But no way is it a “sure thing” that if you invest in gold you will come out richer than you ever thought imaginable. If you come into the gold business expecting it to be easy, than you’ve been sorely mistaken. If gold prices increase what’s the point? Everyone would be owning stakes in gold. Fortunately or unfortunately, as an investor you must take the good with the bad. Investors today are learning that the hard way. But hopefully they will forget their current sorrows when gold eventually gets back up to trading at $1,800 an ounce in the future.

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