Hmm, I see that the price of gold climbed back up in the past few days. It must have brought some welcome relief to a lot of people, especially those who had bought gold at a higher price. And especially those who had borrowed money to invest in gold (by pawning their other gold!). It must have been a pretty painful experience – to see the price dropping like a rock and having to pay the off the loan at the same time. (Hint: don’t borrow money to invest in gold!)

However, as the price has recovered, should you buy back into gold?

The answer is that it depends. If you are just buying a small amount, say 2 or 3 ounces, then I supposed you could go ahead and make the purchase. However, if you are buying a lot – anything over 10 ounces – then perhaps you should wait a little bit longer.

The reason is because the price is still below the 50-day moving average (it crossed the 10-day moving average 5 days ago). And until it does, there’s no telling exactly where the price will go in the near future. It may continue climbing (with some corrections) or it may turn back down.

This is why I am myself waiting a little bit longer before buying more gold. I would want to see a clearer picture of where the price is heading before I add to my collection.

In the meantime, it will do you a world of good to learn more about gold before investing in it. And with that in mind, check out my newest site RahsiaEmas. There are some free tips there that will help you in your quest.

May gold shine bright in your life.