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With Gold Prices Dropping, What's Next for Gold Owners

10:58 PM, Jul 9, 2013   |    comments
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Many investors bought gold when the stock market was dropping. Now that the markets seem to be getting stronger, gold's price is dropping quickly.

Gold was $250 an ounce in 2001. In 2011, it was worth $1,900 an ounce. But now, it's closer to $1,200 per ounce, a $700 drop in just two years.

Financial advisor Michael LoNano says short term investors might see prices go up in the fall. In the long term, gold prices could go back up if inflation also rises.

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