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Wednesday, August 31, 2011

Why Gold Will Replace U.S. Treasuries as the World's Last Risk-Free Investment

Since surging to a record high $1,917.90 an ounce earlier this month, the price of gold has slipped on profit taking. But don't let that minor correction fool you into thinking gold's bull run is over. The yellow metal's best days are still ahead.

How do I know? Because, unlike U.S. debt, gold can't be downgraded. It has inherent value that's more reliable than the word of even the most powerful country on earth.

Why Gold Will Replace U.S. Treasuries as the World's Last Risk-Free Investment :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website

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