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ehhhh, that is the general consensus lol. i mean, it all sounds logical, so...
on a side note, i have always liked buying small amounts of gold, and slowly building up a collection. although i do constantly check prices like a crazy person xD!, in the long run, regardless how much you are spending each time, it is still a "safe" thing to do.
my grandfather used to buy 1oz of gold for himself every year of his life as a reward to himself. each year gold went up in price, and he still buys 1oz regardless. looking back now, he still made a huge profit (if you're doing this for that reason ;p)
EDIT: i also look at it this way. a few years ago when the economy was still a bit better, i invested into BMO's GIC. after 2 years, my 5000$ turned into 5400. now you wont get that much for 5000$. however, if i had bought 5000$ worth of gold, i would probably had ended up with over 6000$ after 2 years. it really depends how you want to look at it, as a short term investment? like the GIC, or a long term investment like my grandfather.
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