Gold - Manic Or What? How Close is Gold to Its Manic Stage?

Gold, gold, gold. Its beginning to get through to themanic stage?
average investor that gold is not just jewelery.Forget the Tupperware party. Today's social
Gold has become mainstream, not always as anbusiness craze is the gold party. But sellers may
investment, but also as a means of cashing-in onlive to regret their rush to party when gold rises
unrealized value.to those dizzy heights of $1500, $2500 or even
In the US and Europe, the gold party is being$5000 an ounce. That's when you know gold is
marketed as " an opportunity for you and yourclose to its manic stage. A two ounce 24 karat
friends to sell gold, silver and platinum for greatgold bracelet that may fetch a scrap price now of
prices in the comfort and privacy of your own$700, if they're lucky, could be worth $5000 on
home." But, the prices offered probably don'tthe goldsmith's scales by next year. If its really
match the price of 'real' gold (currently, as I write,necessary to sell, take some serious advice, and
trading at $960 an ounce). But it seems like apreferably don't sell yet unless its to convert your
good return for broken necklaces, single earrings,scrap to an easily valued gold or silver asset.
gifts from ex's, or 'stuff' you don't want taking upAnd if you want to get a real gold investment
space in drawers and boxes.under your belt before the manic phase hits, sell
Even in Orange County, California, where incomesthat unwanted jewelery to an accredited
are 25% higher than the average for the state,goldsmith you can trust to offer you the 'market'
the recession has hit. House prices have fallenprice, and use the spare cash to buy gold coins -
almost 30%, and with an increasing number ofbullion or numismatic - to protect a portion of
fabulous homes in danger of foreclosure, makingyour assets. But be sure you buy from a
extra money from that discarded, unfashionabletrustworthy expert. More on that another time.
or broken 'bling' seems like a good idea, particularlyIf you're interested in learning more about the
with enthusiasm in direct proportion to winemost profitable ways of investing in gold and
consumed! Gold is the one asset that has beensilver, take a leaf out of the Chinese book.
increasing in value, but how close is gold to its