Friday, 13 November 2009
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The Cost of Gold Hits a Record High
Yesterday, the price of gold soared to $1,123 per ounce. Experts said the increase was contributed by the weak dollar and a strong liquid assets.
Many people have been buying the metal with stronger currencies, making gold more valuable each day.
I'm not that shocked since the Dollar has been weak for awhile, and I expect it to go down more. The people in Cash for Gold must be rolling in their riches now.
Do you think the price of gold will go down anytime soon?Â
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Comments (4)
I would love to get some gold if it wasn't so expensive... and I do not see the price coming down either.
Also the guys at Cash for Gold may be rolling in cash, but not rices, as the dollar is worth next to nothing right now.
I don't know. The Fed will keep the interest rate low for more time, there should be more room for the gold price to rise in a long run....
http://wealthandhealth.lefora.com
Gold. ooooh.... Shiny! -kidding- My mom was actually telling me about this about two weeks ago and she was saying that gold was extremely valuable. Her example was a story about my grandma who went through WWII when Japan took over Taiwan. When my great-grandpa was taken into jail for refusing to change his last name to a more Japanese one, my great-grandma gained access to see him only by bribing gold to the officers who were in charge. Currency always changes but gold remains a longer investment. :)
the title sounds like it's from the commercial as well. No I don't think the price of gold will go down in the short term