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Lucy
Will the Gold price go down in next two weeks?
Please advise. I am aware of the fact to buy gold 2008 is the worst year. but taking things like economy in consideration any suggestions based on your experiences?
As the value of the dollar declines, the value of gold will increase.
Take a minute to read this article.
It would be very wise to invest in as much as you can afford.
JohnGalt
Two weeks is random, but I would say maybe. Two years, most certainly higher.
Ages
During the last one year or so, gold has given the maximum returns, much more than stock markets. Gold always glitters. It might go a little down in the short term, but in the long run it always goes north.
Dharmanath F
What is your purpose on asking such a question.
If you are an investor ?
The gold prices are volatile and requires cautious approach and a good commodity to counter the share market fall. 2008 is not bad rather good opportunity to get in.
If you are a consumer ?
This is the right time and in few weeks there would be further more opportunities to buy at lower prices and averaging at multiple dips would be a sound decision to accumulate the required quantity..
If you are a by-stander ?
Its the worse time and 2009 would be worst than 2008
The purchase price depends on whether gold is bought in demat or physical delivery in 99.9% or jewellery. For people who need only to counter their investments in shares should put it in Dmat account.
bobby b
I believe that the price of gold will go down because many countries
& business firms will have to sell off gold to obtain cash due to
the fallout from the world financial crisis.
That will create more supply & lower the price.
Addin
I dont think so
Rightside
Price will go down again. It went up because the Fed lower interest rates and everyone is cutting and running. When Europeans lower their interest rates the dollar will get stronger and gold will go down. Price should go below $700. The US dollar even though the economy is still in the crapper is still the safest compared to other currencies of other countries.
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