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<p>[QUOTE="Cloudsweeper99, post: 1197063, member: 3011"]I think the author is correct, that there will likely be a blow-off phase in gold prices and that will be the time to sell. We aren't there yet. There are two reasons to sell; (1) you think the price will go down, and (2) you've found a better use for the money. If you search way back in the deep dark library of posts in CoinTalk, you will find knowledgable folks posting about how they were selling their gold at $500 and their silver at $12 and taking the profit. Many of these posts are accompanied by the thought that "you can never go wrong taking a profit." Selling too soon will avoid losses, but it may also make investors miss the manic phase of long term bull markets which for most of us may be the best opportunites of a lifetime to make big money. Everyone has to make their own decisions about this and get out when they think is best.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1197063, member: 3011"]I think the author is correct, that there will likely be a blow-off phase in gold prices and that will be the time to sell. We aren't there yet. There are two reasons to sell; (1) you think the price will go down, and (2) you've found a better use for the money. If you search way back in the deep dark library of posts in CoinTalk, you will find knowledgable folks posting about how they were selling their gold at $500 and their silver at $12 and taking the profit. Many of these posts are accompanied by the thought that "you can never go wrong taking a profit." Selling too soon will avoid losses, but it may also make investors miss the manic phase of long term bull markets which for most of us may be the best opportunites of a lifetime to make big money. Everyone has to make their own decisions about this and get out when they think is best.[/QUOTE]
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