Hi,
I have invested in some gold recently. I wanted to get your guys point of view when is the correct time to sell gold. From todays news, Greece Italy seems to be getting back on track and all the stock prices have gone up. What pattern, clues should I be looking out for to sell my gold back? Just wanted your guys inputs as i know i am not the only risktaker investing in gold here in sajha.

thanks

 do you have investment in actual gold or in gold backed securities? Once the Europe crisis is over, people will start looking more into US issues. Currently US issues are just masked my EU issues. 

I would say up until Jan 2012, the market will rally up and therefore, Gold going little down. When Q4 results start coming, then its going to be a roller coaster ride, ups and downs. 

Its a matter of your decision, if you can make money after paying comissions fees, then it might be a good idea to sell. If not, keep it long term. Remember if your sell and make profit, then you got to pay taxes on your profits. So do the math. Just my view. I could be completely wrong.

 I own actual gold. So if i sell gold, I have to pay tax?? Since when? Dont the place when i sell it just give me a check?

About holding it long term, I am kind of scared too as it may go down and loose what it has made profit on last couple months. More inputs please

 Well, I have never bought real gold so I am guessing here. In stock if you sell the stock and make profits, you will have to pay taxes on your profits. If you don't sell but the stock prices goes higher, you don't pay any taxes until you sell. This is one of the many tricks used by Buffet to lower his taxes.

So since you will be making capital gains by selling gold, I am guessing you owe taxes on that. I am guessing here. Please verify.
If people can buy/sell gold and not pay taxes, then I guess most inverstors would be only dealing gold, why even bother with stocks, bonds and options. 

Hold on to gold, we're going into QE3 pretty soon since Obama has said that interest rates will stay at current rates until 2013, which means straight to the printing press for the money supply. That means precious metals will gain again.

And by the way, the Europe situation has only started, expect it to get much worse.

http://www.forbes.com/sites/steveschaefer/2011/11/02/fed-tilts-against-qe3-says-growth-firmed-up-in-third-quarter/

..

 ya i plan to hold on to it long term, atleast 2-3 years more. But i hope our greed doesnt backfire on us. More inputs on this please. thanks nepalkochoro and hakim_saheb

ha ha ...hakim saheb, I wish the world of finance was simple as you make it out to be.

Looks like we live in a two dimension, two variable world. I already feel like a stick figure :o)

yo wits end pheri yaha pani halla garna aayo...stop with all the negativity man

taking profits is never a bad thing ....


but chartwise on the spotgold chart...I see a good bit of consolidation in october and a gradual uptrend in november...1800 break is key

my thoughts is gold is always gonna go up in the long term...the key question here is how fast it goes up...if it goes up fast like in July and August with no decent profit taking(people panic buying gold for safe haven investment) then consider taking profits ...if its a gradual uptrend then let it ride ..watch the highs and lows of the uptrend

jst my opinions

 by the way, whats the buying and selling commissions on real gold? I heard its over the roof. Another issue with real gold is storage. I live with other roommates. Who knows who will find it and pocket it? he he.....

Does anybody know the taxes on profits made from selling gold? Are the capital gains taxed or not?

 You can buy a bank locker for 40-50 dollars a year. 

And wit's end.. there's no point beating around the bush, pushing one liners, when you have nothing substantial to say. Gold is the only form of sound money and inflationary pressures through deficit financing will only raise gold prices. By the way silver is also the same, only cheaper, but also a little more volatile. 

Hello Hakim Saab,

Certainty is the mother of fools. If you look at your writings, it goes like this... X happened, Y is happening and Z will happen.
If there was a hint of words like " I think", "I believe", or "in my opnion" your statements would be more palatable.

If it is as simple as Obama said and QE3 and gold goes up, wouldn't that be factored in already? Or might be so that gold and the rest of the world are waiting for Hakim Saab for confirmation? And if the european crisis is just begining then even gold might not be a safe harbor.
Thinking in terms of Inflation, defaults and interest rates.  :o)

 

Baisakh, shuklapakshya din ko 12 bajera 33 minute ma thyakkai beche ramro hunechha.

+ 1

laughing my a.ss off :o)

Warren Buffett Kasari banne bhanya jasto po bhayo yo ta

 " Bhikhari" invests in gold and wants to sell it !!! 
Good luck bro.

 so if i own a real gold and sell it back, do i have to pay taxes on that??