Bargain hunters pushing gold higher
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By Jeremy Holcombe Contributing writer for Goldco Direct and End the Lie Bargain hunting pushed early returns in gold up yet again at the beginning of the day. Bargain hunters have stepped into the mix and are looking to buy gold while it is still a bit lower than expected, therefore sending the price spiking upward to start the week. Gold for April Delivery was up $3.20 at $1,779.60 an ounce in the early part of the trading day. Usually these so called “bargain hunters” are always in the mix when it comes to buying gold while it is at a low point. However, the last few months have kept even the bargain hunters away, as uncertainty coming out of the Eurozone continued to slow even the very best bargain hunters from buying into the yellow metal. Since 2012 began, gold has had a very, very nice early year run. It is somewhat surprising to see precious metals bargain hunters coming out of the woodwork now, when gold is actually quite a bit higher than it was over the past few months. However, I believe this is likely because they know that gold will likely continue to rise. Usually the past few months is when bargain hunters would be buying in, but like I said, the uncertainty in Greece was trumping the buying power of even the very best bargain hunters. Not even they would buy with the situation as bad as it was for the last few months. While gold is actually continuing to spike now, bargain hunters must figure it is time to get back in while the price of the yellow metal is lower than it is expected to be come later this year sometime (when is really anyone's guess). For months now we have been saying that gold is going to make a run at the $2,000 per ounce mark. That thought remains, and it looks like more and more people are buying into it, as they try to secure some of the yellow metal for themselves before it skyrockets in price again. Right now is a good time to sit down with your financial adviser and map out a plan that will fit you best. Make sure you have him add some sort of gold or silver investments into your portfolio strategy, as you will want at least some of your money in precious metals for safekeeping and for gains in the long run. While almost all precious metals is a great investment, try to aim for physical gold and silver to start, as they are tangible and you always know what you have. There is also the option of less expensive routes like "junk silver" which usually means coins with high silver content. While these are obviously much lower in value than pure silver or bullion, they can come in handy in a potential situation where one might have to barter for goods. The above article is for informational purposes only and is not a solicitation by End the Lie or Goldco Direct . It is the commentator’s opinion only and not intended for investment recommendations, and does not necessarily reflect the views of End the Lie or Goldco Direct . Any references to outside sources are believed to be accurate. Past performance is not a guarantee of future results. All commodities involve risk. Investors should consult their financial adviser before making any investment decisions.