Thursday, April 01, 2010

To buy or not to buy.

Sure, contrary to the worldwide expectations (refer the latest web release of U.S. Gold Bureau) after the bullion market closed on last Friday, the price of gold has started taking a plunge.

The U.S. Gold Bureau reported that the Gold rose $11.30 or 1% at the end of trading on Friday and they have asked the investors to stay alert as they anticipated a positive Monday.

When some of my contacts who wanted to buy gold coins on last Monday saw the bullion market open weakly, they considered themselves lucky as they caught the gold at a lesser price.

As of a few hours ago, the bullion market is still sluggish but I believe it is advisable to buy to see quick short-term profits.

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