CashNGold Releases Investment Advice in Response to Mid-October Market Gains

Investors can track micro-fluctuations in the current turbulent market to make better investment choices, local gold-buying business says.
 
OKLAHOMA CITY - Oct. 22, 2014 - PRLog -- CashNGold is advising novice investors and consumers interested in selling to carefully observe market trends due to gold’s rapidly changing prices in recent weeks.

“Market fluctuations are normal, but of course it's significant to our clients because they desire the best return for their gold,” said CashNGold owner Licia Gray.

Bloomberg and the Wall Street Journal reported Oct. 14 that Gold for December delivery, the most actively traded contact, had closed at a four-week high of $1,234.30 on the New York Mercantile Exchange’s Comex division, a gain of of 0.3%.

Earlier in the session, the price had reached $1,238.60, the highest seen since Sept. 17.

These numbers represent a rapid climb; as of Oct. 10, gold was at its lowest levels in four years. Prices climbed 2.4% in only a week’s time.

Gray says predicting these trends is a matter of looking at both sides of the equation: “You have to take into account the demand and supply for it,” she explained. “Investor demand has been extremely high throughout September, which is causing these rising prices.”

Gloomy economic forecasts often increase demand for gold, the price of which is generally inverse to the strength of the U.S. dollar.

While these higher prices might encourage people with small holdings of gold to sell in order to maximize profits, prices are still close to record lows. Gray suggested that this means it’s a good time for newer investors to take the plunge and get into the market.

“It makes sense to make the investment while we’re essentially sitting on a four-year low,” she advised.

More generally, Gray said, gold is a solid long-term investment regardless of the current fluctuations. “It’s all about value, value, value,” she said, referring to the fact that gold holds its value better than other investments in time of economic and political uncertainty. “There is always great value in gold.”

About CashNGold

CashNGold is an experienced buyer of gold, silver, platinum, estate jewelry and diamonds. They offer customers fair prices for their old jewelry and coins, no matter what condition the pieces are in. To learn more, visit cashngold.com

Contact
Licia Gray, Owner
***@extracashngold.com
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Industry:Retail
Location:Oklahoma City - Oklahoma - United States
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