What should I do with my gold coin?
So, my grandma gave me a one ounce gold coin, 99.99& purity (canadian maple leaf). Gold has been up lately and I think it just peaked and is now on it’s way down. Buyers are paying slight overvalue but I missed the prime opportunity of this ‘cycle’. Any educated predictions on what gold will peak at on it’s next run? I’m not desperate for the cash, but the sake of a hundred bucks extra or whatever I’d rather just be earning interest instead of waiting for the next cycle. Should I quit while I’m ahead or wait and get more ahead? Thanks
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Gold will always go up. It may "peak" and go back down, but don’t worry, it will bounce back quickly. Heck, if you don’t collect coins, cash it in and put it in a savings of some sort where you are earning interest. At least you will still be making money off of it and some collector somewhere will be admiring the coin for it’s beauty and not just it’s value.