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28

Nov

What should i do- recently purchased gold bar?

Posted by admin as Gold Bar

I purchased a gold bar as seen on the website below as an investment on my dad’s credit card. (we can afford it)- will the price of gold rise or fall?
https://www.bullionbypost.co.uk/gold-bars/1-kg-fine-gold-bar/
by the way there are two of them. Where would i get the best price

Sell it as soon as you can. There isn’t even a slim chance that gold prices will rise at anywhere NEAR the annual interest rate the card will charge, so you are already bound to lose money…worse yet, the price of gold may well drop rapidly sometime soon as the "crisis" seems to have passed in most markets…

JMHO!

Mark says November 28th, 2009 at 12:39 pm

Sell it as soon as you can. There isn’t even a slim chance that gold prices will rise at anywhere NEAR the annual interest rate the card will charge, so you are already bound to lose money…worse yet, the price of gold may well drop rapidly sometime soon as the "crisis" seems to have passed in most markets…

JMHO!
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