The Price of Gold

June 27, 2008 – 7:19 pm

The other day, my friend freaked out and sent me a message saying that the USD has dropped slightly. Well, it has recovered a little, thankfully, but that shows us that investing in currency is not as safe as it used to be, when the Ringgit was pegged at 3.8 to the USD. Haha!

My friend now wants to know if it is wiser to invest in gold seeing how stable the price of gold has been for the past year.

Well, I am no investment consultant but I remember my grandmother telling me that during the World War, only gold had value and those who did not have gold in whatever form, had a tough time, even if they had cash or property.

So gold is what I will invest in also if I have the money. As for my friend, he will have to decide for himself.

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