Is now a good time to sell my gold?

[Goat Milk]

It depends on the price you bought in at.

Are you holding the metal or stocks?

It looks to me that it might be over bought.

metal

[LostBankroll]

The $ is in shits. Use to get 1.3-1.4 Swiss Francs for 1$ now you only get .99 Swiss Francs per $.

[Data]

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Young Hood Nigah Swaged out to the MAXIMUM!
Ching Ching Ching Pawn Shop Be My Main Bitch,
Ching Ching Ching Gold Mouth With a Bad Bitch!
Wheres Paris Hilton? She Can Sue Me Im Worth a Million.
Strapped with the AK, Rambo John Wall.

I have never seen a ballsier swag at SBR_John and his policies!

[LostBankroll]

SWAG!

[coloradobuff]

hold

[benjy]

If the government is going to continue to print money exponentially and the dollar continues to decrease in value, gold's value will increase, won't it? Deficit--> Inflation --> Higher cost of gold?
You also said that the supply of gold is diminishing steadily?

Because there aren't really any adequate substitutions for Gold besides the lower-standard silver wouldn't it be one of the few preimium products keeping this economy alive in the midst of a depression?

A note on the supply of gold: When gold languished around $290 ten years ago, many mines were shuttered as they couldn't make a profit even with untapped reserves (same with copper and some other metals). When prices increased some of these mines became profitable and were reopened. If the price remains high other sources of gold where the cost/oz of getting it to market used to be prohibitively high will become profitable and new deposits will be mined. And, of course, there are central bank reserves worldwide that could come on the market too. Supply is hard to predict.

Silver, and other metals, aren't in the same category as gold. At all. Not only do they not have the same industrial uses, tradition as wedding gifts in south Asia etc. most importantly they are NOT viewed by the market as an inflationary hedge. If inflation rears it's head money should flow primarily into gold.

I wouldn't say that gold would keep an economy alive though (unless you live in a mining community).

Essentially yes: Runaway US Deficit--> Printing money--> Inflation --> Higher cost of gold