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Is it time to buy gold?
Quote:
China has "threatened" to dump its dollar holdings if the US tries to push too hard to get any kind of "trade parity" with China. That would send the dollar plunging - for the average consumer, it means the price of anything that's imported would skyrocket (that includes oil)... Some say China is already slowly selling its US dollar reserves - or if it's not China, then some other countries which hold US dollars are. According to some, they may be buying gold - the price of gold is going up... Is it a good time to buy gold, to preserve the value of your assets? I'm not an expert in these things, but it's something to think about and maybe research further... Here's an article on this topic (from a couple of months ago)... http://www.telegraph.co.uk/money/mai...cnchina105.xml Go here to see the price of gold... Scroll down on the page to see the 6-month and 1-year charts... http://www.kitco.com/charts/livegold.html - Dien |
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