Gold Price Rebounding : Live Charts from FXCM |
The smarter strategy is to buy half of your investment amount now, and another half later. There might be a possibility of collecting at a much lower price, some estimates put it at USD1100. It is wise to bear in mind that most gold producers have a production price of around USD1200 to USD1300, and at current prices they are barely scraping a profit.
When prices are so low, they have to close shop and stop producing!!!
So, when shortages happen.....BOOM! Prices go VERTICAL. Make your own conclusions.
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