There are several reasons for Gold and Silver to go still high 1. Gold is becoming favorite of National banks including of USA for creating support for monetary flow in the country.Even RBI has bought 200 tons recently.Several governments are in process of buying gold.If we see before 60-70 years, gold was main base for monetary system in economies which was unfortunately done away with and we can now see the financial crisis world is reeling under- courtesy, paper money and even mere book money system and stupid products created based on greed by modern day Harvard types expert guys.Gold has to come back as a currency reserve,in coming years. 2. Large number of investors have started buying gold ETFs and such products in gold and silver stimulating demand.2000 tons physical gold has been accumulated by these funds recently. 3. Gold is the only safe wealth asset in troubled times that will get more troubled in coming years 4. Indian rupee had actual worth of Rs 70 to a dollar which Indian government is artificially trying to hold at levels below 50.We should not forget that with huge inflation rate more than 20% per year Indian rupee cries for devaluations severely.It is bound to happen.Hence in rupee terms the gold prices in india are bound to jump high. 5. There will be huge demand from rular areas as their incomes go up.Thanks to absurd and half baked schemes run by GOI and States. I can foresee gold prices to reach Rs 23000 levels in next 2 years.Is not that a great shine? So keep buying on dips bit by bit. Just take it or leave it. I don't want to join debate with any fraudulent economists and experts who shout in TV channels and Press giving their baseless expertise and tips on stocks and bullion.Where they all were on 24th and 25th May 2010 when stocks dipped suddenly by 6% and gold went up?.Just see recordings of these channels on 22nd and 23rd May ,then 25th May and finally on 28th May.You will laugh to see these jokers talk bull... and do somersault quickly.When clouds are already there anyone can predict rains. Don't take tips from these TV channels and several shops sending SMS tips for investment and intraday trading.Only they earn.
The glitter Gold and silver have been safer assets than all others. Gold had been the reserve currency of many nations till the policies were moderated. Gold prices are bound to increase in the future even if the other assets fall by value. Thus I would say that invest in gold and silver when they are comparatively cheaper as they will work wonders in future.
Something really true Yes, this is really true that Indian economy is doing very well today and also there is another truth that future of gold and silver is shining. We all know that today gold and silver are at their peak high and they are still expected to rise in future. So, the investors of same can really expect some big profits further. Till date, gold and silver have proved to be very beneficial and the safest investments of all and i am sure they will maintain their status as same further also. So, all the investors who are looking forward to make some investments, here is the best option mentioned for you. So, what are you waiting for?
both these precious metals have always kept their importance in our world. in recent days the prices of gold have soared up unexpectedly. people who have invested in gold have made huge profits. due to its luxurious looks and its scarcity it has retained its name and value and in future it looks pretty much obvious that it would be very costly.
There are two ways of looking at gold. The first is the Western way, viewing gold through the lens of fiat currency training. This approach sees gold as a wealth-gaining asset that can be traded like any other asset class or commodity for currency gains. The second way is how the world’s major gold buyers at this time see gold. The Chinese, Indians and Middle Easterners see gold as a wealth-preserving asset that serves the purpose of money. The second group will ultimately be responsible for driving gold into the five-digit range. Many of these people have had direct experience of the damage to one’s wealth a currency crisis can cause. The most aggressive buyers, the Chinese, experienced 4,000 percent inflation per month between 1947 and 1949. If gold were a commodity it would be in a bubble, but it is not. Gold has been money for over 3,000 years, and still is today. Although never officially recognized as such, gold trades on the currency desks of all the banks and brokerages, and is held by central banks. Since 2009, central banks have become net buyers of gold. Pension fund manager Shane McGuire makes the point in his book, Hard Money: Taking Gold to a Higher Investment Level , that gold and silver are really the newest asset class, not the oldest, since until 40 years ago they were money. Many readers will remember a time when silver dollars were exchanged in stores at face value.
