Agree, too risky to buy gold now, especially for the uninformed short-term buyers.
I bought gold at around US$260 (1999?) and US$400-450 (2004?), sold all at US$1,000 close to the end of 2008.
(Yes, I know, in retrospect, sold way too early!)
Since then, almost 3 years, can't find a price good enough to buy again (except the entry at US$1,300).
In short, be careful!
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