Sunday, September 6, 2009
I wouldn't buy gold right now
I think gold has seen most of the good times pass already. It has been continually climbing, and my personal opinion is that it has hit the top end. With stocks in an excellent position to rise dramatically, I think investors in gold will look to a more profitable option (like mid and large cap stocks). I believe that fear in the volitility of stocks has persuaded many investors to look at gold, now that the stock market is on the rise, the demand for gold has a good chance to decline. It would still make a good choice for diversification because you never know for sure what is going to happen in the market, but I'm not buying at this point.