In the last decade precious metals have had a long run-up in price with a gain of more than 300%. However, analysts and investors are starting to wonder if the gain will continue or if the bubble has burst. In a story from the Los Angeles Times a group of financial advisors discuss their views on investing in gold. One advisor stated “Our bottom line is this: Gold is a bubble now, and it is too late to get in. It is like someone who bought real estate in 2006, at the height of that bubble. You could get hurt really badly.” Billions of dollars have flowed into gold investments in recent years primarily due to concerns over the economy. The dollar and the federal budget deficit have also fueled the trend. Another advisor stated ”Gold is one of those things that pops up in times when there’s uncertainty and crisis, but when it pops, it is too late to get in.”
In a previous post we mentioned how a drop in the price of gold could effect how much you get when you sell your gold for cash. To ensure you’re getting the most for your gold, Gold-Cash recommends contacting us today before any possible future decreases in the price of gold leaves you with less cash for your gold.
