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Thread: McEwen Says Gold May Reach $5,000 an Ounce By 2012: Video

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    McEwen Says Gold May Reach $5,000 an Ounce By 2012: Video

    topic title says all


    I myself do not own gold at the moment. However I do own stocks in gold and silver mines and own some gold(mine) indices.

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    Gold just goes up because the economy is bad. When a lot of people fear inflation or have little confidence in big stock profits they go to a "safe" investment like Gold. When the economy picks up and people dump their gold in favor of high yeilding stocks, bonds, business ventures etc. Gold will go back down. I mean when interest rates are at basically zero, and business profits are stagnate might as well go with Gold. Yet the thing here is you want to buy low- sell high. Gold is getting so high right now I would be weary about buying a lot of it.

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    Every country is buying up gold because the dollar is about to collapse and become worthless. Theres lots of adverts on TV from companies looking to buy peoples unwanted gold.

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