GOLD !!! Is it right time to invest in Gold
Dear QL friends,
I would like to know as the gold price has come down whether it is the right time to invest in Gold Bar / Ornaments? Please let me know your expert and serious views and also let me know your experiences and which is the right place to buy GOLD Bars / Ornaments.
Thank you for your responses.
QADOC
Well Said friends. Thanks for your valued suggestions.
If you have the capital, definately buy buy.
Why you ask? That is because the paper value of money is losing it's value while gold will always worth something. For example during the great depression of 1930s, Germany's paper money was worthless that it took a wheelbarrow full to buy 1 loaf of bread. Gold always will be your best bet to keep and/or pass it to your kids.
Don't think. Go Buy.
Been specializing in the sale and purchase of Gold from 2003 and right now, the price can not go any more lower.
Invest while the price is on this scale.
I think it is a good time to invest. I was in the Gold Souk in Dubai and it was absolute chaos with retail investors present em masse to buy gold coins/sovereigns. I am sure in the next 2 years gold will challenge the 2k USD levels per ounce and I believe it is a good time to invest. Have we reached the bottom? That I can't say but you can spread out your investments over the next few months to be on the safe side.
before you invest, you own to yourself the question why did gold price plunge? do you really need it or is it necessary to buy? what will you do with it? or you have the spare amount to buy?
You may get some info. here:
http://www.qatarliving.com/node/13971081
http://www.qatarliving.com/node/13979221