As the markets continue on their roller coaster ride of late, a topic that is consistently in the headlines is the relation gold has to changing trends in the market. Everyone agrees that gold is an extremely volatile asset. Different analysts and experts have different opinions on whether now is a good time to sell gold, or to hold on to it as long as possible.

Three articles by reputable news agencies have shed light on the state gold is in. On August 5, an article on Bloomberg News reported that surprisingly, gold and silver had slumped for the second day. This seems illogical, because gold is thought of as a safe haven, but the article explained that many investors were selling gold as a way to raise cash, although they would have much rather held on to it. That week, the price of gold had climbed one point three percent, due to struggling economies all over the world. As always, other precious metals such as palladium, silver, and platinum, followed in the tracks of gold.

An article on August 7 by jconline.com renewed the common view of gold, as a commodity that is highly volatile but keeps rising and has not peaked yet. This article opined that political unrest and the prospect of another recession has led to higher activity concerning gold, as people look to gold as a stabilizing factor, some selling it to help raise funds, with others buying it for a sense of security in an economy that is in turmoil. Whether buying or selling gold, the result has been a dramatic rise in the price of gold, finishing on Friday at a new high of $1,648 an ounce. Jewelers have seen a rise in action, though not in the traditional sense of people buying jewelry. Rather, people are flocking to jewelers, wishing to sell gold.

Cash for gold pic

An August 8 article by the Wall Street Journal shows that the trend has spread around the world, and is fueling the high gold prices and the trend to sell gold. In New Delhi, the investment rate of gold has picked up fifteen percent, but many households will very possibly look to sell family jewelry, something that is widely abundant in India. People are buying or selling based on their calculations of whether gold will continue to rise, or has peaked. Although jewelers are seeing activity from those looking to buy or sell gold, they have seen almost nothing from those looking to buy jewelry in anticipation of the September festival season. India’s gold demand is usually highest at this time of year, before the festival that culminates at the end of October.

All experts agree that right now all the action is with gold. Many feel that the gold has not yet peaked, making this the perfect time to sell gold for cash