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Thread: Gold prices dropping so DO NOT SELL

  1. #1
    Gold prices have been dropping dramatically and the result is that businesses that have been buying gold have either stopped buying or if they are buying they are paying ridiculously low prices because they are afraid that prices might drop dramatically as soon as they buy your gold.

    The result is that some gold buying companies are making extremely low offers on gold.

    Avoid selling.

    Wait if you can before selling, and if you really need money now consider getting a short term emergency loan at a pawn shop with your gold as collateral. No credit check is needed.

    Pawn shops are likely to give you 50% of the current value of your gold items as a loan. Obviously they can't lend you the full value because they need to protect themselves in case you don't pay them back and redeem the gold you pawn.

    But borrowing money on your gold now just might make more sense then selling it.

    Besides, when you borrow against it now, you could still have your gold for the future when prices might be higher again.

  2. #2
    Yes you are saying true. Now gold prices are decrease peoples should stock gold as much as they can. It will give them benefits in coming days.

  3. #3
    People should have knowledge of all the share prices before to invest his money. Gold prices goes down in the market now and it is very good news for the investors who want to invest money in gold.

  4. #4
    Originally Posted by andewjohn258 View Post
    People should have knowledge of all the share prices before to invest his money. Gold prices goes down in the market now and it is very good news for the investors who want to invest money in gold.
    Since gold prices are trending lower, how do you know that if you bought now you would not be throwing good money after bad?

  5. #5
    Yes you are saying true. Now gold prices are decrease peoples should stock gold as much as they can. It will give them benefits in coming days.

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