What can you tell from a gold price chart?

Not a whole lot, when it comes to predicting the future behavior of precious metals prices.

Sure, we can see that the prices are trending upward…but we can’t always explain just why that is. Perhaps more importantly, an upward trend is no guarantee that the prices will continue to rise.

And this is one example of why it’s very important to seek advice from professionals in the investment industry. Although I may be a brain surgeon, or a fighter pilot, or a member of one of any of thousands of highly-specialized fields, it makes sense that I would turn to someone who’s specialized in a field in which I have no real experience.

Just by looking at a gold price chart–or a whole web page filled with them in every currency from every country–I can’t really accurately analyze the data I’m seeing, unless I know and understand many of the factors influencing the trending.

The best and worst aspects of investing may boil down to one single issue: we’re all eligible to invest, and these days, we can do it with little to no authorization from anyone. Personally, I’ve had some great returns because of this, and I’ve taken my share of hits, too. Some say it’s better to be lucky than good. But maybe it’s best to be both.

There are tons of resources available, far above and beyond what we can gain by studying charts and trending graphs. It makes sense to take the time to do some reading, and to talk to someone–or preferably, more than one person–who knows and understands finance and trading.

And with the great interest in precious metals right now, there’s no shortage of analysts who are happy to openly share their thoughts on whether or not to invest…and to take it beyond what we can see in today’s gold price chart.