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| "Gold is very high at the moment but expect it to fall in August and perhaps buy in September when all the traders, bankers come back from holiday and realsise the real state of the economy."
My brother just finished his degree in finance, we were just talking about this the other day actually, he said that now is not a good time to buy gold. As everyone is doing it,as stocks and shares/property are not a good investment at the moment.
Maybe wait until the market picks up, then when the price is low, swoop in..? | |
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You are correct in that Gold is very high at the moment.
It has fallen a bit in the last week and might fall lower as people trade in Gold to get on the band-wagon of investing in shares.
In my opinion the shares are far too high at the moment and I would like to understand the reason. I think the shares will fall in September and so will commodities. I know Gold is a commodity but it is not a normal commodity because it is bought for financial safety.