The USD has weakened by so much over the past couple of weeks, my friend advised me to hold on to it and wait for a rebound. Even a slight profit taking would make a huge difference in the money that I will receive buying another currency.
I should have used the money to invest in gold bullion. Not only does gold make a better investment compared to paper currency, the price of gold and in fact, almost every other precious metal, has risen steadily over the past year or so. It pains me just thinking of the lost opportunity!
I am not saying that we can't buy gold bullion anymore due to its higher price. I still think that there is room for a price increase. It's just that I don't have the spare cash to lock into bullion right now. Of course, in any investment, there is risk involved and I have to take that into consideration.
If I have the money, I would like to keep some gold jewelry too. If I were to buy bullion only, that would be pure investment but buying gold jewelry, I could also accessorize myself in the meantime!
I should have used the money to invest in gold bullion. Not only does gold make a better investment compared to paper currency, the price of gold and in fact, almost every other precious metal, has risen steadily over the past year or so. It pains me just thinking of the lost opportunity!
I am not saying that we can't buy gold bullion anymore due to its higher price. I still think that there is room for a price increase. It's just that I don't have the spare cash to lock into bullion right now. Of course, in any investment, there is risk involved and I have to take that into consideration.
If I have the money, I would like to keep some gold jewelry too. If I were to buy bullion only, that would be pure investment but buying gold jewelry, I could also accessorize myself in the meantime!
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