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Old 04-06-2024, 08:30 PM
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AstroViking (Steve)
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Join Date: Mar 2022
Location: Melbourne
Posts: 1,243
Buying gold is not an investment - it's a store of wealth that's easily portable.

If you do buy gold make sure it's physically delivered to your hands.

Do not trust the seller to keep it safe for you - I've heard tales of places with 'unallocated storage' selling more gold than they have physical possession of; leading to "problems" for customers who wanted to take their gold home.

Buying right now is not a good idea - the price has sky-rocketed over the last 6 months or so. There are strong rumours that China and India are buying up as much gold as they can, whilst divesting themselves of $USD. Make of that what you will.

If you do head down this path, then consider buying silver as well.

V.
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