Is it right time to Increase Exposure in Gold ? | Indian Stocks to Make You a Millionaire
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Is it right time to Increase Exposure in Gold ?

Posted By On 8:52 PM Under

1. Gold is the best form of investment in the times of recession and it is being projected that gold is likely to test its previous all time high of$1,023.50 an ounce in March 2008 and that is likely to occur in next coming 6 months as it is one of the favourite choice of the investors for investment. Gold is presently moving in a band $800-820-mark.

2. This report is based on a report made by London based precious metal consultancy firm GFMS. They are optimistic in view of increased demand from Europe and North America emanating from high-networth individuals or HNIs though exchange traded funds (ETFs) faced with redemption pressure resorted to selling gold which led to a retracement of price.

3. It is no doubt that people will invest in gold considering major banks failures, stock market crashes and scams in companies like Satyam Computers which has left a poor taste in minds of a retail investor and thus people are likely to shift to safer harbours like investment in precious metals. A word of caution is that the gold charts have failed Triple Top 200 DMA and thus the investment be undertaken with caution.

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