Showing posts with label Gold. Show all posts
Showing posts with label Gold. Show all posts

Monday, December 16, 2013

Gold prices are coming down world wide


Globally too the prices have hit low

From Bloomberg, Dec 16, 2013, 5:58:18 AM

Investors are dumping gold-backed exchange-traded products at the fastest pace since the securities were created a decade ago, mirroring the steepest price drop in 32 years.

To read the entire article, go to http://bloom.bg/1dDVdcV
Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8

Sunday, January 03, 2010

Will gold turn out to be the asset class of choice in the next decade as well?


"Amidst all the madness there was one asset class that remained rock solid right till the end. In fact, it ended each year of the decade higher than the price at which it started the year. Thus, if there is one widely accepted asset class that deserves the title to be the asset of the decade, it is none other than the yellow metal gold. As per a story in LiveMint, Gold witnessed a near fourfold jump in its price over the past decade. It beat other contenders like crude oil and the Indian Sensex, which were up around three-fold, by a handsome margin.

Now, to the question that we are sure would be on most investors' minds. Will Gold outperform in the coming decade as well? We may not like to hazard a guess on that one. But we are fairly certain about is its ability to continue giving attractive returns. As one financial expert rightly put it, 'Gold no doubt is a speculation but it is a speculation on a certainty. And that certainty is the debasement of currencies.' Thus, gold bugs can continue to keep the faith. But do not go overboard with your gold investment."

My recommendation :- Go with Gold ETF, you don't loose on redemtion(but for the brokerage) and it is faster to get it redemed. If it is ornament it has got utility vaue but would attract lesser price while redemption and is little more tougher to get cash in exchange of gold as most of the Jewellery shops would prefer a gold to gold exchange ( old for new ornaments)