Gold continues to move higher, today it’s because of India purchasing two hundred tons of gold. Basically, exchanging gold for dollars. They sold American dollars to buy gold and other central banks could do the same at some point as they diversify their holdings. A lot of folks are wondering about gold. Now, one thing to remember about gold is everyone is most bullish right at the top….I’m not saying we are right at a top, especially since we could see inflation nine, twelve, fifteen months down the line. So gold could go higher, but you always want to make sure you have a sell discipline. A basic sell discipline of the past few years that would have worked very well is sell at least a portion of your holdings when you are at a record high. Imagine if you had done that with real estate. Imagine if you had done that with the stock market when the dow was at 14000. Now gold is chugging along, but it is at a record high of above $10,090 an ounce. How high will it go? Well, nobody knows. Make sure you have some thought process as to when you want to sell some of that gold.
