Gold prices are affected by two things: supply vs demand, and the strength of the US dollar as compared to other currencies. I've read that gold demand is down right now, so the price dropped due to supply. Combine that with the recent economic news that has the dollar valued higher than what it was in the past and you have people selling gold for greenbacks and taking the money and pouring it into other assets such as stocks, bonds, and derivatives. This is adding to the gold supply, which in turn is sending the price down.
For what it's worth to you I would do what is best for your business. If you have bills to pay now, then sell what you need to pay the bills, and hoard what's left. If you can hoard for an extended period of time, then hoard as much as your storage space will allow, selling off less valuable materials to make room for more valuable ones as they come in.
_________________ kgryczan Forum Moderator
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