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Is it true that gold investment is not profitable?
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[QUOTE="Good-Guy, post: 206328, member: 29109"] I do not think that Gold is not profitable, but I believe that investment in Gold is not something that would make you super rich overnight until or unless you invest millions of dollars and trade wisely. You should remember that gold is volatile in nature. However, silver is far much more volatile than gold, so the chances are that you will not gain that much profit or suffer from losses either. Some people consider gold a much better investment than cryptocurrencies. This is due to the fact that gold has a very long history while cryptocurrencies are newer assets. Since the supply of gold is quite limited, I think that the prices of gold could go much higher in the end, but it also depends on the conditions of the gold market. So, you may invest in gold, but you must also consider other kinds of financial investments as well that could be profitable. There was a time when even I considered buying gold, but right now I am giving cryptocurrencies a chance as cryptocurrencies are easily purchasable asset for me as compared to gold. You may buy gold offline and monitor the prices of gold and sell it at the right time. You must be aware of the local and international market of gold rates. [/QUOTE]
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Is it true that gold investment is not profitable?
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