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<p>[QUOTE=&quot;Cloudsweeper99, post: 345963, member: 3011&quot;]People too young to remember the mid to late 70s will probably tell you to sell now.&nbsp; I remember when gold went from $35 to $100 the first time, the few people lucky enough to own gold were selling.&nbsp; Of course, gold went on to $850 with many scarey dips along the way.&nbsp; Now we have a similar situation.&nbsp; The price of gold is only about 18% higher than the old high price.&nbsp; You can use any of the inflation calculators on the web and quickly discover that gold isn&#039;t really that high at all.&nbsp; Another thing to consider is that institutions and individual have not, for the most part, even begun to buy gold.&nbsp; In the late 70s there were news stories on TV showing people lined up around the block in New York City waiting for hours to get into a coin store for the chance to buy a Krugerrand.&nbsp; The mother of a young woman in my office took all of her money out of the bank and bought gold coins and Ceasars World, the hot casino stock of the time that ran up from $2 to $80 and back to $2 all in about one year.&nbsp; So when you start hearing stories about people cashing out their savings accounts and mortgaging the house to buy gold, that will be the time to sell.&nbsp; And there is a good chance that by then, the price will be higher than you ever thought possible.&nbsp; Your friends and acquaintances who know you collect coins will beg you to sell them a little gold at prices that will make you wealthy.&nbsp; It&#039;s something to look forward to.</p><p><br /></p><p>Of course, this is only my opinion and comes with no guarantees.&nbsp; It should be considered a fairy tale until proven otherwise.[/QUOTE]</p><p><br /></p>

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