The answer is NOT!!! ( my opinion )...
Gold has been recognized as a good way to store value of money sice 1000 years ago. All major central banks are doing the same thing. They keep their credibility by storing gold as much as they can. Whenever its required to spend, gold will determined the price of its currency. Without storing gold, the country will be in uncertainty situation caused by economic unstabilty.
Currently, gold in history recorded hit $1000 for second time and stay at that position for 1 week..The price of this precious metal become more expensive at this month.
Why ? If this metal will be hit $1000 forever ?
some people said that this preciuos metal will not be there. Just because gold has been around for 1000 years, it doestn mean it will hit $1000 forever.
Too many factor determined th price of this precious metal. One of that is demand & supply factor. If it never been demanded by other people, the price of this thing will goes down in value. It has been proven. Looak at this week. Price has been fallen to $990/oz
So, just remind yourself that dont put all your eggs in one basket, which is not really a good thing to do as a good investor.
Gold has been recognized as a good way to store value of money sice 1000 years ago. All major central banks are doing the same thing. They keep their credibility by storing gold as much as they can. Whenever its required to spend, gold will determined the price of its currency. Without storing gold, the country will be in uncertainty situation caused by economic unstabilty.Currently, gold in history recorded hit $1000 for second time and stay at that position for 1 week..The price of this precious metal become more expensive at this month.
Why ? If this metal will be hit $1000 forever ?
some people said that this preciuos metal will not be there. Just because gold has been around for 1000 years, it doestn mean it will hit $1000 forever.
Too many factor determined th price of this precious metal. One of that is demand & supply factor. If it never been demanded by other people, the price of this thing will goes down in value. It has been proven. Looak at this week. Price has been fallen to $990/oz
So, just remind yourself that dont put all your eggs in one basket, which is not really a good thing to do as a good investor.
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