When I read THIS NEWS today, and I heard that Hong Kong market close its transaction today with the gold price decreasing, It is not surprising to me. For Gold speculators that want to sell their gold perhaps this news is quite disturbing, but it is a good news for those who want to buy.
Gold price will continue up and down all year long. This is a normal things for a material that equalized with "the unstable currency". For non speculators or people who keep the gold for financial security an long time investment, off course this is a change to add their savings by buying more gold. As I told you again and again, usually (Yes, I said "usually" so it is not always happen) gold price will reach its lowest price around June to August and the highest around November - December. Again for short time gold investors - I prefer to say gold speculators - buy the gold around the time when the gold price is low and sell them when the price is high. But like a few weeks a go in June, the gold price reach one of its highest price, In the beginning I said "usually" because anomaly like this happen in often.
My suggestion is don't buy gold for short time investment. If the price is high buy gold, if the price is low buy more gold. Sell your gold only when you needed the most. In my experience I can feel good "revenue" of gold after 2 or 3 years after I buy it. The longer you keep it, the higher you'll get.
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