Thread: Gold Buying
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Old 04.08.2010, 14:06
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Taichief Taichief is offline
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Re: Gold Buying

I have been buying 'physical' gold since it was 800 chuffs an ounce it went up to 1450 at one point and it has since dropped but I hear some say that it should really be around 2300 an ounce!!!(who knows how high it could go if becomes the next bubble)
I recommend having it physically in your hand
gold has stood the test of time,
here is a nice comparison that I heard somebody say once of silver
please be aware these are VERY rough figures as I just want to make the point

in the 50's a silver dollar was worth 1 dollar monetarily, it was worth a dollar in weight of silver and it would buy you a gallon of petrol
now the dollar is not made of silver it is just has a value printed on it. But the same weight of silver is still worth a gallon of petrol. The petrol and the silver didn't go up in value the dollar went down.... make sense?

I am storing physical gold as a long term protection of my investment not to make short term profits
www.goldprice.org
is the site I use to monitor the prices, and I buy it from the ubs at the airport....
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