Gold Spot Prices
Gold Spot Prices
The gold spot price gives you the edge in gold investing
Paying close attention to the gold spot price is the key to successful gold investing. In combination with a sound understanding of historical gold prices, it will hone your intuition to razor sharpness. But keep in mind what thespot prices really mean.
Keep current prices in their proper perspective
Gamblers play the short–term, but investors are in for the long haul, and they see the spot gold price very differently. Speculators place their bets on what they think the price will be just around the bend, and their wagers have as much influence on daily gold prices as the true present value of gold.
One of the biggest mistakes an investor can make is to put too much stock in the traders’ guesses. Unless some major global shock has upset the fundamentals, over time gold will stick to its trend. A more reliable indicator of gold’s current value (although it is also susceptible to mood swings) is what the principals are agreeing upon for the physical exchange of gold — the London AM and PM fixings.
Follow the spot, but listen to your gut
Uncertainty rules the markets these days. Global economics is a new game and very few truly understand the rules. In fact, the rules are still being written. Few things have remained constant throughout history, and of those that have, the value of gold is way out front. No matter how the world resolves the complex issues of today, it must begin with reinventing the global monetary system, and gold will be the keystone.
Against that backdrop, the spot gold price can be very revealing. Uncertainty breeds panic, and panic breeds irrationality. What the markets do on any particular day is only a matter of how emotions are running. Gold experts trust their knowledge of what is driving gold’s trend, and when current prices run counter to what their gut is saying, they don’t hesitate to buy.
All it takes is a little practice to be an expert
All the information you need to become an expert gold investor can be found right here on GoldPrice.net. We maintain a professional staff of expert gold advisors to help you make the most of everything you learn, and we offer a free Gold Price Kit to get you started.
Investing just a few minutes of every day, visiting GoldPrice.net and following spot gold prices, will pay handsome dividends in your success as a gold investor.
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