Gold prices good for sellers, bad for investors
Saturday, August 21, 2010 at 10:18AM
With gold trading at the ridiculously overblown price of more than $1,200 an ounce, now is the time to sell any gold holdings or excess jewelry if you have been thinking about doing so. At that historically high price, few people will be losing monetary value on their gold trades, since most gold or gold-related holdings were bought at a much lower price. But the window for selling is about as wide open as it ever will be. As our economy continues recovering at a plodding pace, gold prices will soon begin falling back to earth and into the staid price range they are known for. When it comes to the world of investments, gold certainly ranks as the world's most appealing commodity. There's just something absolutely stunning about pure gold bars stacked like children's blocks. Maybe it's because gold is from Mother Earth and has represented organic wealth since the beginning of recorded human history. The sight of gold pricks something deep inside our DNA in a universal and timeless way. Here's is something very valuable, your brain repeats. Practically speaking, it has long been intertwined in our lives as coinage or jewelry. Less obvious is gold's metallurgical and technical applications as the most malleable and ductile of metals. For instance, semi-translucent gold plays many vital roles in our space program by blocking infrared light. Full Article

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