Good thing I didnt sell at $1600 but what do you guys think about now? Personally I think i should. Even though I probably will I just want to see your guys's insight since its at $1900
If you're looking to turn a quick profit, $2000 gold is beginning to look a lot like $50 silver did and if I were playing the day trading game I would be thinking about selling. Selling physical is risky at any price, because its rise is due to instability which could play a factor in your ability to restock on the next dip which is probably what a lot of people will be doing. Just 2 months ago gold was at $1500. People thought it was expensive then, but I bet if it ever gets near that again we will see demand (which is already high) jump up substantially.
No is the best choice at the recent time. Gold and other precious metals are at their all time high, and I don’t think they are going lower anytime in the near future.