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Home Moneta Blog Gold:what is it good for?

Gold:what is it good for?

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There must be some very unhappy gold bugs out there. Conventional wisdom has it that gold is a store of value in uncertain times; when stocks go down, gold goes up, right?

Not as we are seeing.

One of Europe's largest banks is nationalised, and just when the yellow metal should explode, it drops 3%.

So just how low could the yellow metal go? Who knows, but under $1,000 would not surprise us.

If you want to know how to protect yourself and those closest to you, give us a call. You will not be disappointed.

 

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