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GOLD
Oct 24, 2008 14:44:40 GMT -5
Post by Abdiel on Oct 24, 2008 14:44:40 GMT -5
Cal,
Normally I buy US dollars for saving as Mexican Peso is a less strong currency. However dollar is now very expensive, and I don't know if is going to be a good investment in the long run, given the possible constitutional crisis the USA may face. However, I have seen gold prices dropping, do you think gold would be good investment and taking in to account that the USA might return to the gold standard?
Abdiel.
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GOLD
Oct 24, 2008 15:44:36 GMT -5
Post by Caligastia Lanonandek on Oct 24, 2008 15:44:36 GMT -5
The real value of gold is around 200.00 bucks an ounce. Last I heard, it was over a thousand. it follows that gold is way over inflated and I wouldn't touch gold at this point.
I'd stay with the dollar. If you're getting more bucks for peso right now, keep the extra dollars and ride it out.
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