Is It The Right Time To Sell My Gold?

When is it time to sell your gold? Many investors are asking this question as they have seen gold prices rise over 300% in the last ten years. If we learn from the "rich", many wealthy investors in gold would say a resounding NEVER! The philosophy of the "mega" rich is that gold offers a permanent, lasting and tangible wealth.

Let's look at one example. If a man or woman invests in gold and accumulates, for example, 8,000 ounces of gold, at today's price of approximately $1500.00 per ounce that person's wealth in gold would be about 12 million dollars. If gold should plummet and only be worth $500 per ounce then that person's gold would be worth a mere 4 million dollars. That investor is still rich!

Gold offers a permanent and tangible wealth. A person who invests in gold has taken the step that most wealthy investors have already taken. Everyone who wants to diversify their portfolio must look at investing in gold.

Gold stands the test of time. For as long as there has been man and gold he has desired to own it. No other asset is universally accepted as a sign of longevity and wealth. Stocks are only as good as the company that issues them. Bonds are only as good as the seller can pay the debt. But gold is something that has and will always have value. Gold is one currency that has never been worthless.

How much gold is enough? One can never purchase too much gold. A person never owns more gold that he needs. The richest of the rich continually seek to acquire more wealth. They are wise enough to understand that it doesn't matter what the current price of gold is doing. Whether gold is rising or falling is irrelevant to the long term wise gold investor. The real important issue is how many ounces do you own? Since gold always will have value, that actual dollar amount is not as important as the fact that your wealth exists just because you own it.

So, if you have diversified your portfolio by adding gold, you are following the example of the rich and mega rich. If you haven't then it is something you must really consider if you are to be wise in investing in your future. For the investor who is intimidated by the cost of a one ounce gold coin, remember, there are fractional gold coins that any smart saver can afford. They will help you establish your wealth in real, tangible assets.

Now, let's be realistic, not all of us can hope to be rich or "mega" rich and the majority of us are average working class people. We still need to save and invest in gold. Some may be forced to sell their gold to pay for food and lodging in the event of an economic crisis. We will still benefit by owning gold because if our dollar tanks and no longer has buying power, we will be able to use our gold to live. While the wealthy may say never sell your gold, the reality of the "small" investor is that we may need to. What a tremendous relief and blessing it will be to own gold if and when we need it.

So buy gold, do it now and keep on doing it. Remember, the rich didn't get that way by making poor investments. Follow their example and keep doing it. You won't regret it!