If you’ve been monitoring the current drop in gold prices, chances are that you have been wondering what is happening with gold. That is a very good question to ask, especially if you own quantities of gold that you would like to recycle or sell at the most opportune time.
Yet as a very wise investor once told me . . .
When everyone is asking the same question, smart investors think of other questions that could be even smarter to ask.
The message behind that advice is that contrarian thinking is often the best in unsettling times. So instead of following the crowd and fixating on gold, perhaps questions like these will lead you to more profits today.
Smart Questions to Ask
- Am I overlooking other precious metals that I could recycle profitably today? If you own quantities of catalytic converters, thermocouples, or other items that contain precious metals, could it be wiser to direct your attention to them now? What is happening with gold could be a secondary concern.
- Could I profit by selling or recycling my gold now, despite the current price levels? If you acquired gold at a price that was lower than its current level, you can still profit by liquidating it now. You make money by selling at a profit, correct? So the current prices may not be a valid consideration.
- Instead of trying to buy gold now at attractive prices, should I invest in, or recycle, other precious metals instead? Gold is not the only game in town. Other metals, including platinum, are also selling at very attractive prices. Perhaps they offer you a better investing option today.
- Where can I acquire gold and other precious metals today at below-market prices? We have, for example, recently recycled quantities of used sputtering targets and catalytic converters that our clients acquired for “pennies on the dollar.” Those clients enjoyed a very good return on every dollar they invested, without obsessing about the current trading prices of gold or other precious metals.
- Why are aggressive recycling companies courting me? In the current climate, a number of firms are attempting to acquire gold now at its lowest price, so they can hold onto them until prices rise. If you are getting solicitations that urge you to liquidate your gold holdings now, it could be wisest to wait for prices to rise so you can realize profits at the right time. Why give away the possibility of claiming future profits for yourself?
Answers to Your Questions about Gold
If gold is on your mind and you have questions about it or other precious metals, this is an opportune time to contact Specialty Metals Smelters and Refiners at 800-426-2344.
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