From my opinion....the bitter truth is "Gold prices will never come down"..
There are enough supporting reasons for that...Few important reasons are below
I remember few years back everyone was investing on mutual funds, one who invested in mutual fund before three years will almost get the same money he invested. Maximum 4 to 6% interest rated profit. But If you had invested in gold before 3 years, now you would almost get 50% profit out of it.
World gold council says to invest on gold as to "Preserve your wealth". I think it is rightly said.http://www.gold.org/investment/why_how_and_where/why_invest/
Here is my first post in this blog for your interest, I wrote this almost 8 months back, still it holds good.
Indians buying gold as investment
There are enough supporting reasons for that...Few important reasons are below
- Unstable share markets of countries, this is true for any country
- Each country needs to have a quantity of Gold to qualify for loans from world bank
- Now each country wants to increase their Gold holdings to sustain and stabilize their currencies
- High demand and low/limited supply of this yellow metal
I remember few years back everyone was investing on mutual funds, one who invested in mutual fund before three years will almost get the same money he invested. Maximum 4 to 6% interest rated profit. But If you had invested in gold before 3 years, now you would almost get 50% profit out of it.
World gold council says to invest on gold as to "Preserve your wealth". I think it is rightly said.http://www.gold.org/investment/why_how_and_where/why_invest/
Here is my first post in this blog for your interest, I wrote this almost 8 months back, still it holds good.
Indians buying gold as investment
