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View Diary: A word on investing in gold...Don't. (54 comments)

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  •  Gold as an investment option (7+ / 0-)

    Gold is an investment vehicle, and when you bought the stuff at $300 an ounce, you made a killing.

    I have seen so many people being scammed, but they dont understand the gold fundamentals.

    It takes miners $1200 an ounce to get the stuff out of the ground, and that should be your starting point, how much does it take to get out of the ground.

    Also miners have to use expensive diesel generators to mine so far underground. We all know energy costs are only going way.

    Investment should be for the long haul, and always consult people who have a proven track record in investing.

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