GET RICH with gold, it is possible now. Even though gold funds and gold bonds do not attract tax benefits, there has been a major switch in the international and national market as the middle class investor, bitten by the share market collapse and the housing bubble burst, has decided to buy gold instead. In short, the yellow metal long neglected for paper scrips and mad speculation in real estate, has suddenly come back in demand because gold promises real value and its value does not fall overnight like Satyam or the IT sector.
Obama’s Bangalore bashing will not affect gold prices but it may affect the share price of IT sector companies. Similarly, unlike land, gold is something you can keep in your pocket, so there is no question of a distress sale when prices fall which leads to a further fall or panic induced price fall. In real estate, the recession is going to last for a long time. Simply because speculators bought flats on housing loan EMIs in the hope that the price would double in a year and they would sell off the flat and make a killing.
More on: Gold prices to boom in India
Tags: Gold prices, Gold prices India, Gold Investment
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