Will Gold Prices Keep Rising or Drop Like a Rock?

What's going on with gold prices lately? Today is February 26, 2013 and I see that the price of gold hit $1,621.40 today and the trading day is not even over. That's not an all-time high but it is a very decent price, especially if you are looking for a gold buyer so you can sell gold.. But what if you're thinking about buying some gold? Should you purchase gold right now? Is this a good time to sell some gold? Aargh! What should we do?

Let's look at some of the articles on the web today. There is certainly no shortage of them. I'm going to share some of the best articles I found today in the post below.

Let's see what some other writers are writing about the question of whether to buy gold or sell gold (or neither) right now and other topics related to gold prices.

What Drives the Price of Gold and Silver? | Keith Weiner ... 2/25/13

If there is a credible rumor that the Fed is planning to further extend its “Quantitative Easing”, how would you expect the monetary metals to react? Typically, the gold price would rise and the silver price would rise even more. The question is why.

Traders read the headlines and they know how the price “should” react to such news, and they begin buying. For a while, the prophecy fulfills itself. But then what happens next? It may take an hour or a month, but sooner or later some of the new buyers begin to sell. What can be bought on speculation using leverage must eventually be sold.


Gold price: the real reasons to be nervous about further falls - Frik Els2/22/13

Gold price: Forget the death cross, here are the real reasons to be nervous You're calling me a gold bear? After an unnerving $45 fall on Wednesday, gold is trying to build support around $1,570 an ounce. At these levels gold is down more than $330 from the all-time high above $1,900 an ounce set in August 2011.

The yellow metal is also getting dangerously close to straying into bear territory – officially defined as a 20% pullback. Wednesday afternoon gold briefly touched $1,555 – that's an 18.5% retreat from the record high.

Here is a roundup of some of the reasons why gold's "long up cycle from 2001 to the present is very likely hitting an inflection point".

  Silver and Gold Prices: Can the Gold Price Close Over $1,605? - Franklin Sanders

Gold Price Close Today : 1586.20. Change : 13.80 or 0.88% Silver Price Close Today : 28.987. Change : 0.527 or 1.85%

The GOLD PRICE made progress today in climbing above the lower channel line that has held it in since last November. This is positive, but not dispositive. Gold's first task is to climb over $1,605. From there I expect it to march very quickly toward $1,640. If it doesn't, then the falling hasn't ended.


Current gold prices may constitute a buying opportunity - Dubai Chronicle

Current gold prices may constitute a buying opportunityDubai ChronicleWe do not share this view; in contrast, we do think that these current prices constitute a buying opportunity, as the key drivers and issues are far from being resolved. 


Gold's price cycle likely to have turned: analysts - Taipei Times

Proactive Investors AustraliaGold's price cycle likely to have turned: analystsTaipei TimesGold's price cycle has probably turned as the recovery in the US economy gathers momentum and investment holdings collapse, according to Goldman Sachs Group In ...


Today's Gold price per ounce Spot gold per gram price Trend; Spot silver 

Business InsiderToday's Gold price per ounce Spot gold per gram price Trend; Spot silver ...Learning and FinanceGold contract price closed up to 1,586.60 per troy ounce. Silver contract price finished the session higher at 28.99 per troy ounce. Safe ...


Lear Capital: Gold Price at Tipping Point - International Business Times

International Business TimesLear Capital: Gold Price at Tipping PointInternational Business TimesIf each citizen in India and China, accumulated just an additional quarter ounce of gold in this next year, that would increase demand by $1 trillion at ...


The bottom line is that gold has fallen and may continue to fall. If you're thinking about selling your gold, now would be a great time, before the price falls anymore:

...gold is down more than $330 from the all-time high above $1,900 an ounce set in August 2011.

Why Gold Is Falling - By Paul Nathan

Friday, February 22, 2013

Gold peaked at just over 1900 dollars an ounce about a year and a half ago and has been falling ever since. As of this writing gold hasn't broken to new lows, but it may. The question is "why"? There are many reasons, but the first and foremost reason is due to an incorrect monetary assessment by most gold bugs and their followers.

I would like to point out that if you live in Houston, TX and you want to sell gold in Houston, I highly recommend that you call or visit Houston Gold and Silver, the #1 gold buyers Houston has. 

Here's how to reach us: 

Houston Gold & Silver
19333 Hwy 59 N
Humble, TX 77338
(281) 361-3377

I hope you learned something new and helpful from one or more of these articles. Please let us know by posting your comment. Comments are open.

What to Know Before You Sell Gold in Houston

 

Do You Want To Sell Gold in Houston?

If so, here are a few things to think about first.
 
The popularity of selling gold online, in stores or locally has become very popular over the past few years. There are many different ways of selling your precious metals, and you may have more gold than you realized just sitting unused in your house. But what should you do with it all? Should you leave it to gather dust or actually make some money?

When To Sell Your Gold

It is no secret that gold is a very precious material.  If you have various gold jewelry or other antiques in your house that you no longer need or want, then now is a great time to sell your gold and reap the benefits. Gold can vary in price and value and choosing now as the optimum time to sell will see you get the most profit for your gold items.

This means that selling it comes with tactics – you need to make sure you sell it at the right time to make the most money. Gold is considered as a huge investment right now, and it is one of the most popular subjects that comes up in relation to financial news.

Take advantage of a good situation and take your gold to the top gold buyers in Houston to make the best profit. Check out gold stocks to get a better idea of its current valuation too!

 What Types of Gold to Sell

Gold can vary in value, and you will know your gold’s worth if you have it examined. 100% pure gold is set at a standard 24 karats, and the higher the karat, the higher the percentage of pure gold in the item and the more money you will get.

Do you want to sell jewelry in Houston, TX? No matter whether you have gold bracelets, rings, necklaces, tangled up chains, pendants, cufflinks, broaches, old gold coins, sovereigns, cutlery or gold bars, all are acceptable types of gold and gold jewelry to sell at Houston Gold & Silver. 

The Price of Gold

Gold prices fluctuate, which is why it is always a good idea to keep an eye on the gold market. The stocks of a gold market can be tricky to negotiate though, and if you’re just looking for a quick and easy way to sell your unwanted gold then looking for a local gold buyer is the best way to do this.

Some people prefer to compare prices of gold weights online, but be careful that you’re not being told incorrect information for the profit of an online seller. Sell gold in Houston by going to a local store which will give you friendly and informative service about the value and pricing of your gold. 

Remember that a general value of gold may not be the standard set by individual companies; for example 1 gram of 24 karat gold might be worth $57 today, but it may be completely different tomorrow.

We may never know the true value of gold as many online sellers are out to make a profit; this means that you can watch the gold market as much as you want, but a local seller may offer a better price for your gold all year round – not just at peak periods.

(By the way, you can also sell silver in Houston at Houston Gold)

Come in or call us at our convenient location:

Houston Gold & Silver
19333 Hwy 59 N, #100
Humble, TX 77338

(281) 361-3377