Tuesday, April 24, 2012

Moving On Gold?

A number of readers have been asking me what I plan to do concerning investment in gold. As you may recall, I was hot on gold ever since it was $240/ounce, and I sold half of my collection when it hit $1860. Now folks are wondering should they buy, sell or hold.

I am not a seer, so I really cannot say. All I can tell you is what I plan on doing. And right now I plan on waiting to see what happens in the November election. A huge factor in the price of gold will be whether we have leadership or not. Right now we do not, so gold was very profitable for me these last three years.

So, until the results are in come November, I am holding, and neither buying nor selling.


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