Gold is hold....

by pankaj kumar | August 21, 2010 at 01:34 am
189 views | 4 Recommendations | 5 comments

Videos

Purchase Gold At 1% Over Dealer Cost

see larger video

sourced by pankaj kumar

Purchase Gold At 1% Over Dealer Cost

Gold is known as the asset of crisis  here world economy especially the euro and American zone is not out of wood yet.

the equity has crashed significantly while the gold has hit their high the safe heaven buy by the investor ,hedge fund buy by to protect the investment and buying by central banks around the globe for the liquidity infusion in the system has led the buyout sentiments in the gold market. The gold has the tendency to outperform the all the asset class at the time of slowdown in economy it was also proved in the current slowdown. The global condition is yet to come out of wood so gold is hold and even a good buy at current level.

Hold in gold strategy will give good return in next six month.

 

google_protectAndRun("ads_core.google_render_ad", google_handleError, google_render_ad);

Buying in gils is here to stay for some while it is a good asset to hold.

Advertisement
recommend This comment thread is now closed
0
YankeeJim

Not those phony collector coins, just the bars.

0
pankaj kumar

yes yankeejim but why not gold ETF, it is paper gold and easy to liquidate

0
nanute

It is very easy to "liquidate.,"  especially when the price drops like a rock. It's a bubble formation and will come back to earth at some point. If Glenn Beck is touting gold, I'd steer clear.

0
hidrewberry

the gains in gold have passed it is public news now!

0
pankaj kumar

I agree that best run is done but still gold can maintain their upward march by the time the economy stabilize then it will become certainly a sell but for now it is a clear hold and even a buy.

This story was created over 3 months ago, the comment thread is now closed.

NowPublic on Facebook

What is NowPublic?

NowPublic lets people work together to cover news events around the world.

Find out more

Crowd Power

YankeeJim
First Flagged at 2:57 AM, Aug 21, 2010 by YankeeJim
These members have powered this story:

Related Stories

Recommendations (4)

Most recently recommended by:
 

closeSign in to NowPublic

is reporting from