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Explain the difference between hedging and speculating

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Commercials suggesting that "buying gold" would be a wise decision are commonly aired. Could you explain the difference between "hedging" and "speculating" by explaining why someone who wishes to "hedge" against inflation might choose to purchase gold? And could you also explain why someone who wishes to "speculate" might also choose to purchase gold? How does it relate the motivations of "hedging" and "speculating" to the topic of Christianity?

Reference no: EM133122889

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