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Alternative Views: Don’t Be Afraid To Sell Some Gold
In the last 20 years, the price of gold has gone up almost tenfold. Anyone who bought gold in 2005, when the price was averaging US$444 per ounce, would be laughing all the way to the bank now.The price hit its highest ever level of US$4,356 per ounce two weeks ago before coming down. In fact, this year alone, gold has gained more than 58% largely due to the uncertainties in the global investment landscape.These uncertainties are due to fears of rising inflation as a result of the US tariff hikes, lower bond yields from impending cuts in US interest rates, the future direction of the US dollar and global tensions due ... (full story)