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Director at investing website the Motley Fool David Kuo asserted that that the commodity is currently "overvalued" and that many buyers are purchasing the precious metal.
However, he asserted that the popularity of the material means that those who want to learn to trade could find they pay over-the-odds for it and that the window of opportunity to get a good deal has passed.
"Personally I would say that gold was overvalued. Some people are saying that gold could reach $2,100 [£1,318] an ounce. But the danger with that is gold is already over $1,800 an ounce now," he stated.
He observed that those who decide to purchase gold now or in the near future could find they are the last ones left holding the metal and that they struggle to sell it again for a significant sum.
The price of gold has risen steadily this year, peaking at $1,896.50 on September 5th.
Posted by Sara Secker
