Thread: Gold Buying
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Old 18.09.2010, 23:36
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Re: Gold Buying

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Just looking at this thread I started in July 2009.
I wish I hadn't thought that I needed the cash to start a business (which I haven't done either) and had bought the gold.

Today it is close to US$1,300 and this was an item on CNBC.

http://www.cnbc.com/id/15840232?video=1593393251&play=1

I still think the only way to hold it is physically and not with bits of paper (ETAs)

Anyone have views on Gold at the moment?
i bought gold at $600 and sold at $1000. i think gold has more to run and could yet double in price (or more).

but my main concerns are:

- impact if IRs rise. cost of 'carrying' gold will increase
- how much did investment funds buy and when will they liquidate

overall, i think there's a lot more currency revulsion yet to come which will keep prices high. i don't see any immediate trigger which would cause gold to drop significantly.

silver may be a slightly cheaper bet at present.
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