As I and many here expect gold to rebound soon, & I reckon if it gets to $US,700 it would be gr8 buying longterm.
However what would be the point in buying gold when its priced in US$currency and everyone expects the US to crash? IMO Its no point buying something we think is going to rise if its value when we want to sell has crashed as it errodes greatly into profits eg, gold @ $750 back to $975 =rise 30% But then AU$$ .80c to parity US$ = 25% so only a 5% gain therefore hardly seems worth it?
Any comments
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rebound in gold vs dollar decline
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