If you are like many people you may be saying, “is now a good time to sell gold?” Many speculators think that gold is a bubble. And like many other experts, I agree with this analysis. However, I also agree that we have awhile before the gold bubble bursts.

As long as we have a dollar bubble (overvalued dollar) then we will have high gold prices because our economy is in uncertain territory. Many governments, especially China and India, are buying gold into the billions.

Many people are spending a lot of money on gold hoping to hedge inflation when it hits. Because of this, I think we will continue to see inflated gold prices that you can benefit from.

As long as we have high unemployment and a debt crisis followed by spending cuts and austerity measures, gold will remain a safe haven metal. So the questions you must ask yourself are:

o Do I think the economy is going to recover soon?

o Do I need the money right now to survive?

o Can I wait and watch gold?

o Can I get by with holding some gold and selling some?

o Do I have enough short term cash saved up?

o How much did I pay for the gold I currently have?

o What kind of profit margin will I need from selling gold?

If you are in a desperate situation and need to sell gold make sure that you are not simply selling to a pawnshop or mobile buyer. I know that when times are hard you may want quick answers and selling gold to a pawnshop or online gold buyer is a quick answer, but not the most profitable one. If you can manage to sell your gold yourself you may get a little more money by selling it on eBay’s bullion site.

They will take 9% of the selling price. That is much cheaper than a refinery, pawnshop or online gold buyer. If you can get your gold to a jeweler you trust or a coin dealer you trust then that is also a good option.

However, to answer your question of, “is now a good time to sell gold,” you must be clear about why you are selling gold and weigh what is happening. If you think the economy is getting better, then you may sell. However, if you think things are volatile and it is getting more economically uncertain, then you may hold your gold and wait for a higher price.