Would you sell some gold Now??

[Brendan]

So with the price of gold heading north for the past year. Would any of you guys and girls be tempted to sell? For example if you bought an ounce last year, you would be able to clear 500-600 profit as it stands, roughly. Whats your thoughts?

[ExUmbris]

If you need the 500 sure. Otherwise, Govt's around the globe are going bankrupt and at least in the US printing money with no real consideration of the problems they will cause. As fiat currency is devalued gold is likely to climb much higher. May be worth holding for larger gains down the road.

[AppleZippoandMetronome]

If I needed or wanted to use the funds for something to benefit myself or my future - sure. Property has the potential to start looking more attractive in months to come so selling it to fund a purchase like that could make sense. As could selling it to fund another investment.

What I absolutely would not do is sell it in exchange for cash to just sit in an account. I shudder to think what affect all money printing going on around the world right now to deal with covid 19 is going to have long term. Right now is the wrong time to have savings in cash - much better off sticking with the gold or some other physical asset.

[Farnarcle]

Yep, until the reason for gold going higher changes, might as well hold onto it.