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Commodities Briefing - Categorized | Bullion/Gold, Investment, Market Moves more

Is it good to invest in gold?

Posted on 25 November 2013

Gold is a fascinating investment. Sceptics in gold missed the run-up of the last 10 years or more. Late believers got in nearly at the peak. However, whenever one got in, Indian investors seem to have been rescued by the Indian rupee.
And unlike stocks, no one believes that gold can go to zero (like some vanishing companies). It is reported that the cost of mining an ounce of gold is close to $1,100, so that kind of sets a floor on gold. Of course, the caveat is that someone out there still likes gold………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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