| | | my activity | goodfundadvisor started a new discussion called Does it make sense to Buy gold at this level??? in earning money. 1 week ago
Gold has given a return of 106% over a 1 year period. While most experts continue to be bullish on the yellow metal, there are some sceptics who are bearish. What do you feel???? Should you buy at this level? Should you Sell at this level??
My personal feeling is, if you want to buy Gold, do not rush in just yet, wait for a correction and then buy.
What do you feel??? |
 | goodfundadvisor responded to a discussion called Is this a good time to invest in stocks? in mylot.com. 3 hours ago
Remember the Golden rule of investing in Stock "Never try to time the Market".
So your question is invalid here.
I would invest in stocks now and at every decline. Always buy fundamentally strong stock and never worry about the short term price variation.
Buy for long term.
Even if the Stock market shuts down tomorrow, you should be able to get good and sound sleep.
For this, buy fund... |
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Probably you need a break.
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In the same way, You need to take a break. I am sure you will come back with More Love f... |
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Each food has its own unique method of being eaten. You are always better off eating a Roti with your fingers., if you try to eat with spoon, you are sure to become a laughing stock.
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 | goodfundadvisor commented in a discussion called Does it make sense to Buy gold at this level??? in earning money. 3 hours ago
While agreeing with most of your points, I must also mention here that most number of people do not speculate on Gold, like they do on Gold. So, a rapid fall is out of question. I am not saying that there will be no fall, but a free fall, like the ones seen very often in the stock markets, is not very likely.
Yes, I agree with you,. that it is better to wait for some correction in prices, b... |
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 | goodfundadvisor commented in a discussion called Does it make sense to Buy gold at this level??? in earning money. 3 hours ago
The way the US govt is printing Dollars, there would be no firewood left in the whole of the United State of America. And the fall in the value of Dollar is thus expected to continue. I am sure that Gold is going up not just because of speculation, other points like Central Banks (like the India Govt) and lack of Gold findings in South African mines is putting pressure on Gold and thus supply i... |
 | goodfundadvisor commented in a discussion called Does it make sense to Buy gold at this level??? in earning money. 3 hours ago
Really great analysis bantoogi. That is the reason your response has been marked as 'best response' by me.
I am in complete agreement with you. Gold's demand is backed by fundamental factors like the fall in production, devaluation of US Dollar.
People were expecting Gold prices to fall on announcement of IMF's 400 tonnes sale, but half of that.i.e, 200 tonnes was quietly gobbled by the Res... |
 | goodfundadvisor commented in a discussion called Does it make sense to Buy gold at this level??? in earning money. 3 hours ago
Sure, why not???
Buy Gold at every decline.
If you are an aggressive investor, you could also consider buying Gold Funds like AIG World Gold Fund and DSP Black Rock World Fund which in the stocks of Gold Mining Stocks worldwide.
These Funds have given a return of 130%-140% compared to the return of 45% by Gold.
You can read more about these investments in my blog. |
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