What's Going On Out There? #17

David7411221

This week, the Wall Street Journal had an article that gold reached a new high on Tuesday at $2,018.50. If you're like me, you know people who have purchased physical gold in the past. Many of these people have justified the purchase by saying "it's an investment" or a "hedge against inflation". And, while both of these may be true, what I also find is that people who purchase physical gold are incredibly resistant to selling it. The basic rule of investing is to buy low and sell high. Now that gold is high, it is the time to sell. What are your experiences with this? Please share your stories, but protect the identity of any specific clients.