The talk of the town
or India today is nothing but GOLD. Whether it’s a right time to buy or can we
buy it later?
I would like to share my views about the GOLD as well as the current trend, hope it will give more clarity for you.
I would like to share my views about the GOLD as well as the current trend, hope it will give more clarity for you.
Gold has fallen nearly 15% in the past
one week. Most of the people believe that this price will never come back and
which resulted Rs. 1000 Crore of GOLD were sold during the last one week.
I have written many times before, that GOLD
will not be an investment, at the same time 5 to 10% you may be allocated to GOLD
as a portfolio diversification.
If you need gold in less than 3 months,
probably you can start buying gold at this price say 75%. If you are aiming for
long term say more than 3 years plus then you will find GOLD Rs. 2000 per gram
soon and buy it at that time.
When the SENSEX falls from 21,000
levels to 8,000 (60% falls) most of the investor told that it will come down to
5000 level and then they will buy and never en cashed the opportunity but when
the GOLD price falls most of the investor feel that its life time opportunity
and should not miss!
Why different stance for different
investments?
There is a huge rush always in the
jewelry shop and there are many occasions we tend to buy so the price will go
up are the basic belief of everyone. If that is true, what happened in the last
5 days is nobody buys any GOLD.
Gold is an international commodity and
it has got two risks one is the price and the other is currency risk (our rupee
versus dollar). When rupee started appreciating the value of the gold will be
coming down even though the GOLD price is not falling in the international
market.
We believe in India and its Growth
story, and then our rupee will be strengthened soon.
Do not rush and buy GOLD now and you will
get a price you like and start accumulating slowly.
