Thread: Gold Buying
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Old 31.07.2009, 00:43
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Re: Gold Buying

"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."

And what would that be, do you know? If you did... No company in this world is making long term forecasts, because no one really knows. Forex is a tricky play, but gold can go down. Just having cash sit, is like burning off little pieces of it, month by month. There are loads of better "secure" options to hedge against dollar deflation. And turn a percentage.
Switzerland favors a certain postion against the euro and the dollar; you should read up on that if you want stability. But holding metals, is not a 100 percent gauranteed bet.
As far as the comment about the Turkish gold, it's not just from bankers I have heard this. But I was just stating what I heard, I am not loaded up with Turkish gold and a pirate hat laughing at the Swiss banking system.
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