Tips for investing in gold

There has never been a better time to invest in gold and with these tips for investing in gold, your profits will be much higher. Events are coming together that will propel gold to new heights that will make the 1979-80 gold move look silly. To capitalize on these gold investment tips, it’s important to know why gold will make this move.

Events are converging and leave gold nowhere to go but up. After 60 years of government meddling in the free market we have reached the final step in destroying the value of the dollar. The current administration’s quantitative easing policy and its attempt to seize 18% of US GDP by nationalizing the health care industry almost guarantees that gold will hit $1,200 before the end of the year and much more after that.

Gold Investing Tips You Need To Make Profits

The best tips for investing in gold are simple, easy to remember and follow. With both physical gold and gold stocks, buying weakness and selling strength is key. We are in a bull market in gold, so if you buy on the weakness, you may not hit the exact bottom, but you are buying at the right time. Another gold investment tip that relates to selling hard is to not get greedy. Nothing goes straight up, so it’s important to set goals for stocks when you buy them. If you set a goal of 25% profit, stick to it, with at least a portion of your shares.

Another important gold investing tip to remember is that there is no profit or loss until you sell it. It doesn’t do you any good to watch your stock go up and then watch it go down again with no profit. Set your goals and stick to them. If the market is really working, put a trailing stop on your position so that it automatically triggers a sell if it falls by the percentage you have put in. If the stock continues to rise, the trailing stop follows it and will not trigger unless it drops by that set percentage.

As for gold investment advice for physical coins or bullion, the same rules apply, but I would put them on hold at this point. Any coin or bullion purchased now should be held for the long term because the price of gold is going to go much higher in the years to come. The price of gold will rise until we have a fiscally responsible government, and not before then. These gold investing tips will help you through the tough times ahead.