Gold has crossed into territory that would have sounded almost absurd just a few years ago. Around $4,500 an ounce, the metal is no longer quietly doing its job in the background. It is on the front page of financial news, around the dinner table, and in the minds of anyone who already owns physical gold—or wishes they had bought more when it was cheaper.
That creates a difficult question: is gold still a buy at these levels, or is patience the wiser move?
The honest answer is that it depends less on where gold trades next week and more on why you are buying it in the first place.
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