Should I sell gold at this time or not?

Vietnam
July 24, 2011 11:40pm CST
Hello All, Are you interested in gold market? Gold price is increasing very high. I want to sell the gold I have. However, I'm afraid that gold price will be increased in the next time. Should I sell gold at this time? Please leave me advice. Thanks a lot.
5 responses
sswallace21
@sswallace21 (1824)
• United States
25 Jul 11
I would only consider selling your gold if you are in need of money. As long as it keeps rise in profit will increase. If it starts going back down, then sell. Best Wishes!
Polang
@tkonlinevn (6438)
• Vietnam
26 Jul 11
Thank you. Some friends say me that I should sell my gold in this time. Gold price will be descrease. I'll buy gold again and keeping them. How do you think?
sswallace21
@sswallace21 (1824)
• United States
26 Jul 11
I would not buy any gold until the price went down again. I'm a buy low sell high kind of person. Right now I think the price of gold is high. However, if you did buy now and the price got a lot higher you'll have more to sell for a profit. So maybe you are on the right track. Best Wishes!
aeiou78
@aeiou78 (3445)
• Malaysia
26 Jul 11
I think the god is at the peak now. I am not so sure if you are selling the real gold or just the commodity for gold market. If I have the real gold, for sure I am not going to sell it. In my belief, the price of the gold has a very closed relationship with the price of the oil. When the price of the oil goes up, the price of the gold will goes up too. Many people like to buy the gold to against the inflation.
Polang
@tkonlinevn (6438)
• Vietnam
26 Jul 11
I agree with you that gold price relationship with oil. But as me, gold price is influence of the inflation. So, gold price will be higher.
lampar
@lampar (7584)
• United States
25 Jul 11
Probably it is a bad decision to sell gold at this moment where inflation is on the horizon. Gold prices are going to go bull in next year or two, there is still much room left for it to go higher.
Polang
@tkonlinevn (6438)
• Vietnam
26 Jul 11
It's good if I can save my gold until the next two year. But I can't. I must decide to sell or not in a short time.
divitiae
@divitiae (193)
•
25 Jul 11
gold does look very high but then so is inflation, how about setting a trailing profit saving order? I am not in gold myself.
Polang
@tkonlinevn (6438)
• Vietnam
26 Jul 11
Do you mean that I should save them in a bank?
niftytrader
@niftytrader (79)
• India
25 Jul 11
Hi Tkonlinevn, i am also interested in commodity trading and doing regular basis. Gold return in long term is grater than any other instrument. If you don't need money in near time, don't sell gold and hold for a long period.
Polang
@tkonlinevn (6438)
• Vietnam
26 Jul 11
Thank you for your advice. I think the same you. Gold price will be higher in the next time.