Gold

Out of context: Reply #10

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• aldebaran0

  While I like the idea of owning a small amount of precious metals (5% to 10% of your portfolio) just remember that it's at highest value in years right now. If we're truly heading into a recession we may see a large sell off of commodities, including gold which could plummet.

  But if you must, make sure get American Eagles or what's known as 'recognized' bullion. As they are much more liquid then 'unrecognized bars'.

  aldebaran 0Permalink

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  • ..and, equally, much more subject to counterfeting too..detritus
  • price of gold would have to reach over $2000 for it to even be an inflation adjusted record high.rabbit
  • in 1980 it hit $880 in todays dollars thats about $2300. then you take into consideration the current environment...rabbit

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