Current price of Gold

 

 

 

With gold prices being so high, should you wait before buying?

 

At the time of writing, November 18, 2009, the price of gold continues its upward climb.

So should you buy more gold right now, or should you wait until prices come down a little? Good question.

It would be an easy question to answer if we knew how high the price of gold would eventually climb, and whether or not it will fall.

 

But we don’t know the answer to either of those questions.

 

Also, keep in mind that this website is not about investing in gold as a means to make some quick profits. It’s about owning gold as a safe haven. It’s about securing some of your wealth in a form you can possess outside of the banking and investment industries.

 

Gold that you own is real. It’s not the promise of money, like a banknote or an investment certificate.

 

As owners of gold, it shouldn’t much matter to us whether the price is five dollars higher than it was yesterday, or five dollars lower. We’re not buying gold just to sell it tomorrow for a higher price. We want to keep it. It’s our security net.

 

So let’s get back to that question: with the price so high, and still rising, should you buy gold now or wait?

 

My suggestion is that at times like this you shouldn’t stop buying gold, but you should probably buy less.

 

Buy some gold now as a means to hedge your bets, just in case the price keeps rising.

 

But don’t buy too much, just in case the price starts falling again.

 

When the price changes in gold become a little less volatile, and the charts flatten out somewhat, that’s the time to return to your usual buying patterns.