Gold: why it could be time to take profits

Gold is going great guns, hitting fresh record highs in almost every currency. And in the long-term it can only go higher. But as Dominic Frisby explains, the growing mainstream interest in the yellow metal suggests that now could be a good time to take some short-term profits.

You know I'm a diehard goldbug. Given the ever-deteriorating global financial situation, I think you'd be crazy to do anything with your physical gold but hoard it at the moment.

But sometimes it's good to think with the other hat on.

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MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.