Gold has had its worst week ever in the past three months. Many put the blame on the decline of the US economy and other european economies. Other people believe that the continuing decline and weakening of the US economy and dollar will make gold, a dollar priced commodity, more reasonable for people that hold other currency. Bullion suffered a seven percent this week and has been susceptible to the expanding european countries debt crisis.While this might be considered bad news for some that have invested in gold already, it is great news for those looking to purchase gold. People that have the desire to buy gold can get it at the lowest price that it has been at in three months. Not only will this save you money, it will also net you greater profits when you decide to sell since it was acquired at a low price. Credit Agricole analyst had this to say about the situation, "Gold took a beating this week and today bounced a bit as investors see this as a good moment to buy."
Do not end up being one of those people that kick yourself down the road because you did not buy gold. Many people have regretted not purchasing gold a few years ago, and have missed out on making money. Gold and gold bullion is always a good investment. Small enthusiast or big time investor, check out Kent's Daily Special for the best deals on gold, bullion, and other precious metals!
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