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The gold rush is on! Everywhere you go someone displays a sign, “We Buy Gold!”

I’d suggest avoiding such places unless you’re in a bind and need cash fast. Typically they pay only 50-65% of the market rate for the gold they buy. Check with your local jeweler or you might even consider a Pawn Shop loan before selling any of your gold outright to one of these gold buyers.

I believe gold is an important part of any well designed portfolio of assets. However, like any good thing it’s possible to have too much and most experts warn not to put more than 10% of your holdings in gold.