Gold price has reached record high. Is it right time to invest in gold ?

I bought gold about 3 years ago when it was over 400 an ounce. I think i did pretty well. My gold broker told me not to sell now because gold will continue to go up. With political instability in the world and a depreciating dollar, I would look to buy gold now. Oil is expected to creep up to 110 to 120 a barrel this year. Gold and oil go hand in hand. I don't think you can go wrong with gold. However, gold is not something you buy now, hold on to it for a week, and then you get paid. This is something you hold on to for at least 5 years. But to protect the against the declining dollar, buy gold.

Its hard to say, right now its around $860/oz. It could go down or it may keep going up. If your investing for the long term, then I would say go ahead and invest now. Short term, no.

silver usually makes it's run after gold has peaked... maybe try that since you know it hasn't made it's big moves yet.

it's always the right time to buy gold, especially if you convert only about 5-10% of your income/net worth to it, regardless of market price, and maintain it permanently. you should consider that your "golden anchor" or "wealth insurance". if/when your paper assets turn to dust your gold will still be there.

i would then convert another 10% into gold, silver, and maybe platinum and palladium in various amounts. right now i'm converting my second 10% into silver, because the current gold/silver ratio is much higher at 56 than the historical norm of 15-20, which makes silver relatively undervalued vs. gold. the idea is to ride the ratio down to a point where it becomes profitable to trade in silver for gold. if you can get the trades right on either side of the curve, then you would be getting more of either metal every time.

and even if your gold tanks severely, your cash and other investments are presumably still making money. i look at it this way: if you buy Krugerrands today at $900, and it tanks to $300 tomorrow, and then convert the same amount of money, your break even point comes all the way down to $450, and you can keep accumulating until the next upswing comes. for a small part of your income/net worth, i think there's very little to lose and a lot of wealth stability to gain.