Gold Prices Create Opportunities For You!

 d driven by professional investors and fund managers. However, many ordinary people think that gold prices and other precious metals have very little to do with them. While no one would recommend that you jump into the gold markets without some training and practice, even the average worker should monitor gold prices to find ways to profit from today's record-breaking values. Gold reached its highest ever price in November 2009. Experts predict that gold prices will continue to rise as long as the largest economies around the globe struggle Gold Price Per Gram

Here are five ways to profit from rising gold prices:

You can move your investments into tax-sheltered annuities or individual retirement accounts that have control. While gold prices have fallen temporarily, they are expected to rise again and sustain their value for the foreseeable future. Recent history also supports your decision to purchase and hold precious metals mutual fund funds. The price of gold has tripled within a matter of years.

Sell old, worn-out gold jewelry that is not in good condition to get cash. There are probably many advertisements on television and the internet promising large sums of money for your jewelry. The advertisements may exaggerate safety and values a bit, but they are still true to the core: you will get handsome compensation for your old jewelry made of gold. Silver will receive a substantial reward, while platinum will be the most valuable.

You can also pawn or sell your gold if you need cash quickly and have limited credit and assets. Even though wholesale gold and retail jewelry prices are very different, you can still get the cash you need without having to pay high interest on payday loans or credit cards.

First, don't expect to spend more on jewelry than you have in the past. In fact, you will pay significantly more for expensive pieces of gold. You should buy the best jewelry that you can afford and treat it as an investment. This will ensure it becomes a family heirloom. Precious stones and high quality gold will be your best protection against economic uncertainty and inflation. Professional investors refer to this as a 'good hedge'. For engagement rings, the rule of thumb has been "the equivalent of three months salary" Spend at least that amount and opt for 18-carat gold over the less expensive, but less valuable, 14-carat jewelry. If you have the funds to add rubies or sapphires to your jewelry, then invest.

A trusted commodities broker can help you secure gold if you have the money to invest over the long-term. You should not invest all of your money in one product or instrument. Instead, diversify your portfolio by holding some precious metals. Precious metals can protect you from big fluctuations in other markets. Typically, gold prices rise when the economy slows. Check gold prices right now to see if it is a good investment.