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Be careful with Gold. It might go up over $1000...but it also comes down fast. This is because unlike other commodities, gold keeps accumulating in the system, so supply technically is not a problem. For an anecdotal example, I know few Indian friends of mine who finally started selling their jewelery when gold spiked last time and Indians have been accumulating gold for the past 2000 years!!!! I would buy GLD but have puts alongwith it.
Jul 21 08:57 am
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All Comments by andyn »Gold's Finest Hour: How to Buy Now [View article]