Gold At Current Levels

According to one study on gold, the recent surge and drop in gold price was part of a shift of gold ownership from bad hands to good hands. though I did not get the full meaning of it I still feel GOLD is GOLD, and still a good price to pick as long term investment.

 

Buying Physical Gold for investment is the worst financial decision one can take. Regarding Gold prices, it will be range bound over the next decade.

 

Sir, gold is always required for marriage occasion, I feel that paper gold should purchased at these levels. Now I started purchasing the same for marriage of my daughter .

 

This commodity has always attracted investors but somehow I am of the opinion that there are many better investing opportunities than Investing in gold.

Even I have a small portfolio of gold (in physical form) but I am not sure If I see a handsome appreciation of 20% in next one month, will I think of booking profit, as all of us do in Equity

Many thanks
Pravin

 

Currently gold is sold close to its cost. Any portfolio needs diversity and gold as a commodity is always a good hedge during any market. I think it will be good to acquire gold either in physical form or in paper form but in installments in several months so as to cost average the volatility. This is from a long term perspective.

 

Brother Shabbir's comment is awaited.

The investment Legend "Mr. Buffett" doesn't like investing on gold, all though its price falls further. does that mean gold is worthless? we have seen the economies collasping, currencies degrading, but if you notice my dear friends gold is least affected. the recent surge and drop in gold price is an indication of changing trend.

for centuries, Gold is the best insurance out there. Insurance against the insane government policies of money printing and currency debasements. considering the current global recession, economical disasters, balooon policies, illogical money printings, curruptions, stock markets falls, (not necessarily all together), I strongly feel GOLD is the perfect choice in case if we get in trouble. the history proves that it is the yellow metal that can come in real handy during hard times.

today abc stock of mine is 999 Rs. there is a be possibility tomorrow it drops to 111. but you can never expect such math with metal GOLD.

cheers!!!

 

At current levels one can avoid investing in gold. Cant predict how far will it go down. It is downtrend in gold.

 

For 1-2 year horizon, avoid buying gold for investment purpose. If necessary one can buy for small quantity for consumption during marriage/festival.

It may correct another 20% soon from current level. Then we can start accumulating in Gold ETF or E-Gold.

 

rather than buying fold for marriage occasion, its better to gift some blue chip shares. Along with Gold- Real estate too will crash in the next 3-4 yrs

 

Gold will be range-bound, I suggest you invest in stocks instead!

 

As per my views currently Gold is priced in US dollars and due to financial problems US govt is printing dollars at highest rate of history. They are creating wealth out of thin air. Actually one of top economist of US has said openly that we make some watermark on some piece of paper and how entire world eagerly exchanges its hard earned goods and services for US dollar . Indian govt also prescribes to common man that gold is bad investment but can not answer why RBI is buying gold continuously as reserve. and not only indian govt all global govt is against buying gold by public because governments can control printing of paper currency but they can not print gold. It costs just INR 1.03 to indian govt to print 1000 note. now assume there is X amount of money in circulation and X amount of wealth in country in the form of goods and services now government printed Y amount of new currency notes without telling public from where value will come to Y amount of currency , that is the reason every thing is getting costlier in countries. Gold and silver is the real wealth and even thousand year back one silver coin was sufficient to purchase one chicken and one gold coin was sufficient for buying two goats , this still holds good. recently there are cases noticed in Newyork where gold plated steel was sold as real gold bars. even US govt is encouraging public to buy gold and silver. There is no hope that US economy will improve they are sinking deep in debt and they will weaken USD too much to pay debt or write off , there is no option other than this and at that time gold will become 10- 20 times of current prices. recently it is revealed that in all vaults of US and Switzerland there is no actual gold and futures transactions are done with negligible or no gold backup. so from investment angle gold is having bright future without any doubt.

 

are you for serious?

 

Apologize for deviating from the main topic... But, what I have heard and read so far is that, any country CAN'T just like that print their currencies.. In that case, there wouldn't have been a word called DEBT of the country as a whole... One of the way any country can print its currency is by showing the corresponding amount of physical form of gold in its kitty... That may be the reason why RBI is buying gold, as in deeper troublesome days, it can show the physical form of gold and print the currency... Please correct me if I am wrong here...

 

Is it worth to invest in SEP manner on Goldbees?

Thanks

 

SEP- Systematic Equity plan for equities and SIP for mutual funds. Both are same.

Thanks

 

Hello Shabbir sir,

I was thinking Gold ETFs are equivalent to Gold. Is there any specific reason for choosing GOLD over ETFs?

Thanks,
Keshav.