Saving Gold May Be More Trouble Than It’s Worth

The recent trend suggests that gold is extremely volatile right now. From hitting the dizzying heights of more than $1,900 per ounce in August, gold started to fall drastically. Investment terminology described it as a ‘correction’ but this was bad news for investors, especially since experts predicted that gold would surpass $2,000 an ounce by the end of 2011. As of November 22, 2011, gold is at approximately $1,700 an ounce, a long way shy of this target. So the question is: Should you hang on to your precious metal and wait for the price of gold to rise or is it best to sell with the market being so unpredictable? Essentially, is holding on to gold more trouble than it’s worth?