Buy Gold And Make Money - How To Profit From Gold
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We saw the same reaction with gold. Gold is considered a safe haven and when the crap strike the fan, people rushed to gold. We noticed the price of gold climb over $120 in much less than forty eight hrs - the greatest increase in the history of gold. Believe in in the overall financial system was in doubt, and the implications were profoundly negative.
Be ready for additional declines in the equity markets as we are anticipating that numerous traders will once more have second ideas and look to grab some of the profits from the Thursday and Friday gains. We have positioned ourselves largely in cash and gold and will stay there for the brief phrase. We expect gold to bounce about some more, but ought to do well in the subsequent few months.
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In 2011, gold prices produced massive gains. The debasing of paper currencies is heading on unabated. FED has lowered the interest prices on USD to the lowest level and ideas to maintain this low degree for 2012. When curiosity prices drop, inflation rises in the economic climate. Inflation is considered to be the destroyer of prosperity. Rich people in times of inflation always seek a safe haven for their prosperity.
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