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Wednesday, February 17, 2010

When to buy gold bullion?

Not everyone, who buys gold bullion to sell it for a profit, achieve their goal-right? Time dear, it is the time of buying that matters!

Seasoned commodity market watchers know when to buy gold bullion. For them, it is no secret that gold typically and historically moves inversely to the dollar.

As per the U.S gold bureau, the dollar continues to weaken, subsequently increasing the appeal of the yellow metal as an alternative investment.

Shrewd bullion market specialists also watch the world political commitments to help out financially falling nations that might also influence the price of precious metals.

For example, market leaders are closely monitoring the situation in Greece which is banking heavily on European Union’s pledge to support. If the promised support gets delayed, the world can witness another outbreak of debt crisis and that is sure to push the gold price up.

All eyes are on gold now.



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