Gold May Top $1,000 in 3 Years

According to a report from Morgan Stanely, and posted on Bloomberg.com gold may climb above $1,000 an ounce in 2011 as global mine output drops, mining costs rise and demand increases.

Gold more than doubled in the past six years and reached a record $1,032.70 an ounce March 17 as the dollar slumped and oil advanced, increasing concern inflation would accelerate. In the past eight months, the precious metal plunged 31 percent as the dollar rallied, oil collapsed and the global credit crisis pushed the world toward a recession.

Many people are rushing to sell gold jewelry and getting paid more than they could have ever imagined. Looks like if those people hold on to their gold until 2011, they might get a lot more!

When Inflation Erupts Gold Will Take Off

Frank Holmes, who wrote the book “Demystifing Gold Investing” was quoted last week in The Gold Report predicting that gold will go to $1,000, even $2,000 over the next 2 years. His reasoning? A growing money supply due to change in some goverment policy.
While this is just a prediction from an insider, it is good news for the many consumers who are looking to sell gold. Holding on to gold valuables for a little longer may end up to be more profitable.

Gold Drops to 13 month low

Is the wild gold rush of the past year over? Today, gold dropped to a new 13 month low, below $700 an ounce. For people who want to cash in and sell gold, its likely that they’ll be getting substantially less than they would have if they were to sell their unwanted gold jewelry a few months ago.

However, with as volitile as the stock and commodities markets have been in the last few weeks, gold value could be an all time high again in no time. Waiting the market out to get even more cash for gold might be a good thing.

Put Your Money in Gold – Safe Investment?

With the stock market in turmoil, many people are taking their money out of stocks and putting it into precious metals such as gold and silver. While the stock market has lost about 40 percent in the last year, gold is selling for $850 an ounce and trading within 15 percent of its highest price ever. Pawn shops and gold coin sellers are having their best year ever.

There are a lot of scammy websites out their, just make sure you do your own research when you want to sell gold jewelry.