Monday, January 24, 2011

Gold *bling bling*

Have you heard? Everyone is talking about Gold. Do you or have you invested in Gold?


There are 2 approaches to investing in Gold - physical gold or gold-account related.

If you are to invest in Gold, the recommendation is to invest in physical gold (999.9). There are many banks offering gold-account related. These are but "paper gold". There is no guarantee that the bank has the physical gold. Even guru "Robert Kiyosaki" says invest only in physical gold.

Between the time I invested in gold in 2008/9 to now, price has appreciated between 15-20%. The world economy is so volatile that whatever currency we are holding is subject to risk. If anything severe happens, "currency" is then nothing more than paper money without any value. Then again, buying gold is also a form of investment and as we are well infomed, there are no "Guarantees" in investments.

Since the early ages, gold has always and still is the true currency. Has gold prices gone up? Yes it has. Will it come down? Yes it may. As Robert puts, it, we never buy anything to keep forever. We always "buy to sell". Just like commodities or stocks, we identify the "low" prices to buy and then sell at "high prices".

There are numerous sites available on the internet for information, especially charts. For your benefits, below are some charts for your preliminary analysis...





Please be careful when buying gold as there are con-artists out in the market. Also, prices are always negotiable. Of course, storing your gold in a safe place is essential.

Anyone interested in investing in gold, please contact us at gloriouscash@live.com. We have well connected reliable and trusted suppliers at competitive rates.

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