The end of June was the last time that Gold was over 1,250 USD. Today is the first day that it has surpassed the 1,250 USD mark. For the past 4 weeks the price for 1 oz of gold has been in an uptrend. Just a few days ago the prices were flat but after taking a break the uptrend continues. Are we heading for the 1,300 USD mark? If so, when? Can we speculate and say that seeing how things are turning out around the world that golf prices will be above 1,300 USD before year-end?
If so, then it is a good time to buy gold. Although the price of gold in the US has been increasing other parts like in Switzerland it has been going down. Why? Well the USD dollar has been weak against the CHF and other currencies which will have an impact in Gold prices in other countries.One could take advantage of this if they had a way to buy gold in other countries. Imagine this, you are in one country and you have a way to buy gold and save it in another country. Of course you would have to have different currencies and you would have to be careful with the exchange rate.
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