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Gold has always been synonymous with wealth and power. In India especially, gold has been a sign of prosperity. Therefore, most Indians find it prudent to purchase gold. However, in light of the recent recession and a sudden drop in the price of gold, many people are opting to obtain cash for gold.
Gold is enjoying its moment of glory today with its all-time high price. Consumers who have gold in their investment portfolio might wish to consider selling their gold for a good profit. This would be a wise move as it is unclear when the gold bubble might burst. There is no guarantee on the upward trend of gold.
With an ailing economy, many consumers are turning to gold for economic security. Those who are unable to make ends meet are considering getting cash for gold. Consumers who were far-sighted in the past by making some gold purchases when the price of gold was much lower stand to profit greatly if they cash in on their gold investments today with the high price of gold.
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