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Gold is being purchased by people dumping shares due to a volatile market.
Mints don’t hold much stock purely because it costs so much to do so. They basically have enough for a short run and that’s about it. Gold prices normally go up quickly as soon as mints/sellers run out of their stock. (That’s my understanding anyway)
Talking money....anyone watching the share market this morning.....crazy pre-open prices following on from a crazy run on the Dow Jones last night given the situation we’re all facing.
There’s money to be made in the market at the moment....but definitely not today!
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