Good as Gold
Published November 4, 2011 | 
Gold is making a serious comeback. The market value has skyrocketed, the jewelry stores are stocking up, and the color is appearing on accessories all over the pages of high-fashion magazines. Everyone is trying to get their hands on the metal, but should you hand over your gold for a quick payout? Not unless it’s absolutely necessary.
If you need quick cash to make the rent payment or cover a couple medical bills then yes, you should hand over your gold for cash. Basically, you need to ask yourself if the value of your gold is less than that of the cash needed to pay for __. Obviously, making a rent or insurance payment is more important in the short-term than hanging on to your gold, and selling it for cash isn’t a bad idea.
If you aren’t in dire financial straits, I’d hang on to your gold a little longer. Unless you’re certain you can get the absolute best deal for your coins, you’ll probably regret selling in the long run. Gold, unlike the US dollar, won’t depreciate very quickly. The value of gold is, and will remain, very competitive. That means that selling your gold now, although it definitely equals good money, means risking that you will run into trouble in the future.
Hanging on to your gold coins and jewelry ensures that you will always have a back-up plan should your funds run out. Making smart choices when it comes to gold could lead to a major payout (or bailout) in the future.
