Posted by: Nepali_American August 22, 2011
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I beg to differ.
At least in near term, meaning <1yr, I think Gold is a fantastic investment. There simply are not any other factors that seem to point to otherwise. Currency market is weak and looks like it will stay weak for foreseeable future. Central banks all over the world have only monetary tool at the moment, i.e. print more money, which will continue the currency devaluation. So, Gold is the solid rock to hold on to.
Stock market is in rollercoaster. World economy is in turmoil. Investors are flocking to safety, and that is Gold.
Gold is trading at close to $1900 per ounce. Analysts expect it to reach $2500 by next year or sooner, and stay in $2000's for a while.
I would hold 20% of my portfolio on Gold. Makes sense (at least to me).
ps: Interesting tidbit: Kathmandu-ma 10 barsha aghi tola ko Rs.10,000 thiyo. Ahiley soon tola ko $50,000 pugi sakyo re.
At least in near term, meaning <1yr, I think Gold is a fantastic investment. There simply are not any other factors that seem to point to otherwise. Currency market is weak and looks like it will stay weak for foreseeable future. Central banks all over the world have only monetary tool at the moment, i.e. print more money, which will continue the currency devaluation. So, Gold is the solid rock to hold on to.
Stock market is in rollercoaster. World economy is in turmoil. Investors are flocking to safety, and that is Gold.
Gold is trading at close to $1900 per ounce. Analysts expect it to reach $2500 by next year or sooner, and stay in $2000's for a while.
I would hold 20% of my portfolio on Gold. Makes sense (at least to me).
ps: Interesting tidbit: Kathmandu-ma 10 barsha aghi tola ko Rs.10,000 thiyo. Ahiley soon tola ko $50,000 pugi sakyo re.