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Apparently, the price of gold has risen as a result of the recent economic crisis. Gold prices tend to rise in the following situations:

  • Wars
  • Times of crisis
  • Bank failure
  • Interests that don't match inflation

Hence, gold is not considered a good long term investment since its fluctuation in the market is dependent on factors beyond our control. To find out more about gold prices, check out the Diamond Price Guide website.

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15y ago

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