Gold prices moving up, they had hit lows at $1600 / oz, again started moving upwards , this week has seen uptrend in gold prices.
Right now, I am having around 28 Oz of gold. I am not selling them for the next 10-15 years. I hope GOld will reach $5,000 / Oz by the year 2025. But the bad news is that for the last 2-3 days share markets have been trading well. This is bad news for Gold.
booking profits at higher level is good idea, alternately you may even hedge gold with some cash, long term is always shine moments for gold.
I have around 1 oz of gold so I am prepared if this happens but I am much more invested in silver. I like silver because I can buy more of it and it outperforms gold from a % standpoint. But $10,000 is LIKELY. Especially the way the economy is heading.
