Reasonable time to sell my gold? - predictions on rise/fall

hi there, i wanted to ask people that are obviously in a little more of the 'know' than i am, if right now is a decent time to sell off gold, or could it rise again in the next several months..

long story short, i have a fairly decent amount, however i do need to get it properly assayed - which i believe is the process before i were to sell it..

just curious for some feedback

 

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I think it may go down some more before it goes to a new peak.
But if you bought it several years ago for let's say 600 or 700 an oz. then anytime is a good time to sell.
You say you need to assay it...do you have bars/ingots, unknown weights?
If it's coins you can just sell them raw.
Try posting some for sale here on the open section of Coin Talk.
As for me I ain't sellin, ain't buyin, I'm holdin... I think the best is yet to come... that's my story and I'm stickin to it.

 

haha, thank you, i appreciate the response..

my gold is in flake form, each vile is marked with proper weight, i need to get it properly assessed so i know what percentage it is in order to sell

 

That sounds like panned gold. I don't know what purity gold buyers rate panned gold flakes. Maybe someone here knows. I have a vial or 2 of gold flakes that I got as a souveneir from various places. It seems like it would take quite a bit of these gold flakes to make any real money.

 

oh for sure...

i need to get my act in gear and find out the best options for getting evaluated (looks like a trip to vancouver will be the most practical)..

and i'm also not expecting a full percentage once it's certified, i think a 50% return is a reasonable standard maybe

 

Timing is so important here. I think it is best to get it assayed and ready to sell so that you can jump on an upswing like we saw towards the end of last year. Good luck to you. TC

 

A lot of people here will give you an OPINION on what to do. But it is 100% certain that nobody here KNOWS what gold will do. I happen to think that the probability of gain is greater than the probability of loss for a multi-year holding period. If I didn't, I would sell. But the decision depends more on your personal financial conditiona and financial plans than on the opinion of strangers.

 

The demand for gold has as much of an impact as inflation does on precious metal prices. I think if more people had extra spending money at this time, the demand would drive prices much higher. And the way the feds have been printing money the last decade, I honestly cannot explain why inflation isn't worse than it is. You can do all the market speculation you have time for, and I have doubts if it will help you make an informed decision on when to buy/ sell. My plan is to buy in small quantities, and cash in before I retire, at which time I can decide if the time is right. Short term gold investing on the other hand, is risky and can be brutal. Good luck on whatever decision you decide!

 

Are you talking jewelry gold ..like this?

http://www.apmex.com/Product/22778/999_Gold_Shot___Order_by_the_ounce.aspx

I know a few sellers but I don't know of any buyers. That might be hard to liquidate.

 

My opinion is this... what do you think is going to happen in the world in the next year? The next five years? Ten? That is really what is going to determine the rate of gold.

My plan is to buy as much gold as I can in the next two years. Why? Because I plan on dumping all of it the first week of December, 2012. If the world ends in 2012, well then I guess I won't be needing gold then, will I? But if I sell it before then and 2012 turns into Y2K ''the sequel", I'm gonna make a ton of money.

 

So you won't need gold when the sun explodes in 2012? Invest in flashlights and electric heaters because earth is going to be one cold dark place in 2013.:rolling:

 

It,s really anybodies guess here which way it will go ???

 

FYI last time I checked assaying was very expensive and I if you have flakes then that will eat up $$$$$$$.

 

thank you all for replying, i appreciate the information and insight.