Friday, January 28, 2011

So just what is the price of gold?

I think we're all aware that gold has been a great investment for those who got into it a year or two back. Yes?

The thing is, when riding an investment wave like this, it's necessary to keep an eye on what the prices, the gold prices that is, actually are. For while prices might be rising at present, the one thing we do know about rising prices is that eventually they will fall.

No, this doesn't mean that the gold price is going to fall below its current level. It could go much higher than it is now and then fall without coming back to current levels.

All I'm trying to point out is that if you're going to play in this market you need to keep a close eye on the price of gold.

Something which, fortunately, you can indeed do simply by clicking through one of those links.

And finally, yes, I know, what you want to know is whether I am a buyer of seller of gold?

Well, actually, neither, as my day job is in the metals trade. So when I diversify my investment portfolio, I go away from metals, not towards them.

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