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The Gold price is volatile for a variety of reasons. Gold and silver have been money for thousands of years. The idea of these metals having value as money is ingrained in the minds of people across the world in every major civilization, business has been done in gold and silver from the very start of business between cultures, and everyone accepted these substances as money. Wars were fought over large stashes of gold and silver. Kings rose and fell with their accumulation or loss of gold and silver.
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