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How Work the Bull Gold Market

deversole | Oct 11, 2009 |

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Gold is racing towards prices never before reached and is clearly in a Bull Market. This has left gold investors wondering; do we buy, sell or just stand pat? These questions are not easily answered, but any gold investor must attempt to make the best decision for them.

Things You Will Need

Clear data of when and how much each gold piece was purchased for.

Step 1

Check records and see how much each gold piece was purchased for. This is critical in deciding if or when to sell. For those gold items purchased at $500, it is not only reckless, but illogical to hold any longer. Sell those items now as the price is over $1000. Remember hogs get slaughtered.

Step 2

Any step in purchasing currently should be done with baby steps. Gold prices could still continue to go up, but the dark shadow of a correction always looms. Purchasing gold in small amounts and over an extended period of time will help protect from a correction and allow the investor to grow their positions if the prices continue to go up.

Step 3

Get creative with the gold purchases. Along with physical gold, mix in stocks and even more so, ETF''s. This will help protect from a gold correction as gold stocks and the gold spot price often run apart.

Step 4

One last approach for those that have been in the gold market is to take lots of profit, hold the cash on hand and wait for the correction. This will allow for the investor to secure profits and eventually secure their gold positions. This is a difficult process as nobody knows when or if the correction will begin and where it will stop. But, if done correctly, it can be a very effective investment tactic.

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