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HomeOff Topics › Did anyone jump on the gold rush?
02-11-2006 02:58 PM  12 years agoPost 1
Pistol Pete

rrProfessor

Seffner, FL

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Last summer gold was about 410 oz (buy)...with China becoming the next rich nation...it has jumped significally...and what paid for my toys.

By the first week of Feb it had gone up as high as 575oz (sold)...try to get that growth from any other institution in less than one year.

Interesting how banks only give you as much as 4% while they invest your money and get well over 10%...go figure.

Bottom line...do reseach and invest on your own.

~~Enjoying the hobby one flight at a time~~

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02-11-2006 03:25 PM  12 years agoPost 2
Leif

rrElite Veteran

USA

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Gold's not the only thing that has gone up. It's a market in recovery from the down-turn of the early 2000's.

With interest rates where they are, cash savings are the last place to put your money.

Got some gold (real stuff, not paper), although the wife has more...

Leif

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