The Stability of Gold Price | Ramblings of an e-trader

Friday, 27 June 2008

The Stability of Gold Price

I was discussing with a friend on ways to invest my money and let it grow since I have a little cash stashed away. He said that for people like me who would not want to take the risk or challenge, I should best go for something that is more stable.

Gold has always been a good long term investment option because of the stable gold price and even if it does drop, it will not be by too much.

I think that gold and a handful of other precious metals are enjoying a boom right now and if my friend says that it is still a good time to go into gold investment right now, I think I will set aside a little money for that!


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