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'Investing in gold' Gold Investment Tips

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Investing in gold

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Mickey Gold

Investing in gold

Gold is a very popular item to save with because its properties are alway invariable and it has always been used as a currecy. It is in fact the currency standard in many countries. The gold was convertible in the U.S. as confirmed by the Bretton woods Conference of 1946 that placed the convertibility of gold at $35.00 per troy ounce. President Nixon cancelled the Bretton Woods system in 1971 as part of the "Nixon Shock" that also included the President´s trip to Beijin. The total amount of gold mined to date is 158, 000 tons, which amounts to a block of 20.2 meters to eachg side. No really a large amount. Gold keeps its price and has tended to increase during the last few years. Invest in gold!! Good luck.

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