Suspecting that commodities markets are dangerous places driven by cut-throat professional investors and fund managers, most ordinary people assume that gold prices and values of other precious metals have little to do with them. Although no one would advise you to jump into the gold market without more than a little training and practice, nevertheless even the average working person should keep track of gold prices, looking for ways to capitalize on today’s record-high values. In November 2009, gold reached its highest price in history, and experts predict gold prices will keep rising as long as the world’s largest economies keep struggling. Check gold rate in dollar per ounce.
If you have control over investments in your tax sheltered annuity or your individual retirement account, move your assets into mutual funds that are tied to precious metals trading, because gold prices temporarily have dropped, but they promise to rise again and then sustain their value indefinitely. Moreover, recent history supports your decision to buy and hold precious metals mutual funds, because the price of gold has tripled in just a few years.
If you have old or damaged gold jewelry gathering dust in your jewelry box, sell it to a gold refiner for cash. You probably have seen television commercials and internet ads promising big money for your old jewelry. Although the advertisements may exaggerate the values and safety a little bit, they are fundamentally legit: you will receive handsome compensation for your old gold jewelry. You will get substantial reward for silver, and you will get the most for platinum.