Gold was up for the first time in 3 days today. “Why was this?” you may be asking yourself. If you’ve been watching the price of gold over the last few weeks, it’s been on a steady decline as confidence in traditional investing has begun to return and the need for a safe haven seems to have lessened. So why the 11.5% increase today alone? The lower prices have attracted new investors, which means that the price will go back up as demand increases.

What’s the old adage? Sell high, buy low, right? That’s exactly what smart investors have done with the gold trade.

Tags: buy low, gold, investor, price of gold, safe have, sell high

This entry was posted on Tuesday, April 7th, 2009 at 3:49 pm and is filed under Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.