Live Gold Prices

The vast majority of the emails I receive from readers of Live Gold Prices are questions I’ve been asked several times before. So far, I’ve responded to each one individually. This doesn’t make much sense.

In the spirit of efficiency, I’ve decided to start adding common questions I’ve been asked to this page, along with a short answer and maybe a link to an article that goes into more detail. If you have any questions for me, let me know when you sign up here.

Frequently Asked Questions

Here are the top questions I’ve been asked. Feel free to ask me more and I’ll do my best to post responses.

• Can you help me make investment decisions? No. I’m not a licensed investment adviser, financial planner, or anything else. I give free general information, but I can’t help you with your specific portfolio. There are too many variables involved for me to be of much help to you in that arena.

• How much gold should I buy? This is a personal preference. I have over 30% of my portfolio in gold and silver, though that includes some speculation as well. I routinely try to stick to 20% gold and 5% silver, and the rest in stocks, bonds, and cash. I adhere to the simple permanent portfolio investment strategy.

• Where should I buy my gold? This depends on your goal. I buy most of mine through SilverSaver.com — they sell both gold and silver. You can see my full recommendations here.

• What’s the future price of gold? There’s no way of telling for sure — I’m a permaskeptic, meaning I don’t make dramatic predictions unless they’re obvious. For example, predicting higher inflation over the next two decades is obvious if we understand basic economics. Claiming gold will hit $x,000 isn’t obvious. Still, I think it’s going much higher, and that should be enough to help us make our investment decisions.

• Is gold going to keep going up? Every time gold takes a dip at all, I receive emails from worried investors. Don’t sweat the daily market — ignore it and focus on the fundamentals. There are good days and bad days in the market — if you have a general idea of where it’s headed because of economics, you’ll sleep better at night. Read my gold price correction article to learn more about what to do if gold falls.

• Should I sell everything and buy gold? No. I’m convinced the dollar is doomed, inflation is inevitable, and gold is going to go up — but I still just have a quarter of my portfolio in gold. Timing when bad things will happen isn’t an exact science. Even then, putting everything into one investment is a horrible idea — always has been and always will be. Own some stocks, income bonds, cash, land, etc — diversifying is good.

• When should I sell my gold? This depends on your goal, of course. I have no real plans on selling my gold, except to readjust my portfolio so that it adheres to the permanent portfolio strategy. I’ll be writing more about the permanent portfolio strategy, so make sure to get the newsletter so you can read the guide when I send it out. That said, the time to sell gold is whenever you’ve made money, and you think you can use that money better elsewhere. My answer is vague for a reason — there really isn’t a specific answer that always works.

• Why not buy gold on leverage? Leverage is debt. It’s when you essentially go into debt for your investment. It’s a horrible idea — espcially for a regular person. If you haven’t made millions in the markets, then I’d stay away from ever thinking about leverage. It’s for advanced professionals who know what they’re doing — and they usually don’t. I don’t ever use leverage. I’m very anti-debt. They call debt a “liability” for a reason.

• Do you have any penny stock recommendations? No, I sure don’t. Penny stocks are incredibly risky investments. We’re actively planning on branching out an entire website dedicated to mining stocks — gold, silver, oil, natural gas, etc. This is still in progress, and I’ll let you know when we launch. It will be free just like this website.

• Where do you get your information and research? This is a question not enough people ask, to be honest. I get my news data from Bloomberg, the Wall-Street Journal, the New York Times, and other popular new sources. I’m a news junky. I get my investment strategies from Richard Maybury, Harry Browne, and Jim Rogers. The only comprehensive investment course I’m taking currently is The Elevation Group, and it’s been incredible so far. Worth every penny.

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