hi all
I wanna invest in gold rite now, but these days gold is historically at its peak in pakistan, 34.5k per tola,
i just wanna take some suggestions from u guys, as em not of those who keep an eye on economical ups n downs regularly. i’ve been suggested by a co-worker to invest later on in gold n wait for the economy to get stablized n gold prices will come down in near future
plz advice…
many thanks
Re: wanna invest in gold? wen its suitable...?
best bit to buy gold is now if u have money,today 11//11/09 rate 35k Tola it will go over 40k, or play it safe buy silver,do u know India have bought 200 tone gold at $1075 par once, Good Luck
saeed
Re: wanna invest in gold? wen its suitable...?
Silver Remains Very Undervalued
Why Silver is in a Bull Market and How High Could it Go?
[FONT=Arial,Helvetica,sans-serif]Admittedly, the final phase of the silver blow off was a speculative bubble as the billionaire Hunt brothers attempted to corner the silver market. Unlike in 1979, today there are hundreds of billionaires, some multi billionaires, thousands of millionaires, hedge funds and many sovereign wealth funds. Small allocations by any of these will see sharp moves up in the price. Indeed, the silver market is so small that it could very easily be cornered again (as appears to be happened in the tin market in recent weeks).[FONT=Arial,Helvetica,sans-serif]Is Silver About Returns or a Hedge Against Inflation & Systemic Risk?
Silver is a hedge against macroeconomic, systemic and inflationary risk with the attractive added potential for significant capital gains. Real asset allocation and prudent diversification would be an important reason to have an allocation to silver. Silver is highly correlated to the safe haven of gold and is in effect a leveraged sister of the precious yellow metal. Thus, informed investors use gold more for wealth preservation purposes and silver in order to make a return.
Dollar and America both are declining, therefore price of gold against dollar is continually increasing.
Re: wanna invest in gold? wen its suitable...?
i know that ,if u have money for gold ,if not go for silver,gold will go to $1500 ounce than will comback may be 12 or 13 could be down to 800
Re: wanna invest in gold? wen its suitable…?
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Re: wanna invest in gold? wen its suitable...?
Thanks saeed for ur Info,its wiser to invest in gold, i'll be investing in gold in this week Inshallah,
thsnks to all :)