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Posts Tagged ‘price of gold’

Doesn’t the Price of Gold Vary? Should I Wait To See If It Goes Up?

By admin on January 19th, 2010

This is one of the most common questions we hear.

Although the price of gold does fluctuate depending on factors affecting the world market, there is no assurance of the price of gold tomorrow and it is better to lock into a current high price.  Even if you were to wait and the price went up or down by $10, $20, etc. the payout price would only fluctuate by less than a dollar per oz.  Unless you are selling very large amounts of gold, this increase will not greatly affect your total payout.  Also, there is a good chance that markets may actually go down rather than up.  The current world market has proven to be unstable and unpredictable so it is best to sell while there is a guarantee of a good price.

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