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Old 04-06-2024, 03:26 PM
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sheeny (Al)
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Join Date: Jun 2005
Location: Oberon NSW
Posts: 14,438
The gold won't always be worth what you pay for it though, Leon. It will follow the commodities market.


Back in the '80s I think it was was the only time I was tempted to invest in gold because the gold price was really low. I didn't though, I missed the boat, but I'm not sorry about it because it's a gamble.


There are often stories (perhaps closely related to conspiracy theories) that in time of war and social unrest it is best to invest on gold. It's not necessarily the case. IMO these stories are often spread by those who have gold but want the price to go up to make more profit so they want more demand especially from people who don't understand the market. It's best to study the market, and make an informed decision if you going to start gambling this way.


Al.
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