Quote:
Originally Posted by elderboy02
On a somewhat un-related note, I did purchase my first ounce of gold (South African Kruggerand) yesterday. I am glad I have a safe deposit box. Gold is very expensive.
What are your opinions on gold?
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Buying gold right now is alright, but like silver it was better bought 2-3 years ago. I don't know how much higher it will go. When buying gold it depends on what you are buying it for. Are you planning to hold it till sometime in the future when you can sell it and make a profit? Or are you buying it in case of the dollar collapsing and going to use it for buying things?