At Sampark Online Finserv LLP, we provide financial advice and distribute various investment products with the most efficient & widest range, customized specifically to your NEEDS..@ Whether you are keen on small investments or playing it big, We provide financial advice and distribute various investment/financial products with the most efficient & widest range, customized specifically to your NEEDs.
Wednesday, September 9, 2009
Gold touches US$ 1,000. Time to buy?
Interest in gold continued to rise as for the first time in six months, gold futures breached the US$ 1,000 per ounce mark yesterday. This takes the year's gain to nearly 14% and sets up the yellow metal nicely to close in the positive for the ninth year in succession. It should be noted that the turmoil in the global financial system has led to the central banks around the world flooding the market place with trillions of printed money, giving rise to concerns of hyperinflation. While inflation not raised its head just yet, it is only a matter of time and hence, we believe that gold may be one of the best bets around to nullify the effects of the same on your portfolio.
Subscribe to:
Post Comments (Atom)
Popular Posts
-
8 MILLIONS CHILDREN ARE NOT IN SCHOOL : THE POWER OF YOUR WORDS CAN HELP CHANGE THEIR LIVES .. JOIN THE MOVEMENT NOW
-
Insurers, it seem, believe that getting a family insured together is the best way to address the healthcareconcerns of people. Also, it...
-
Bharat - Market Capitalization: $1 Trillion: May 2007 $2 Trillion: July 2017 (10 Years) $3 Trillion: May 2021 (4 Years) $4 Tril...
-
#Yoga and #SIP 1. #Consistency and #Discipline: - Just as yoga requires regular practice, commit to contributing to your SIP co...
-
बहुत समय पहले की बात है, सुदूर दक्षिण में किसी प्रतापी राजा का राज्य था . राजा के तीन पुत्र थे, एक दिन राजा के मन में आया कि पुत्रों को को क...
-
Budget is an annual financial statement of the government. It is about how the government earns and how it spends and whether there is sh...
-
7 Steps to Wealth Creation Building #wealth is a #journey that starts with the right #mindset and #habits. If you're part of the younger...
-
Share Price=PE X EPS P/E ratio= Market Value per Share / Earnings per Share(EPS) Industrial PE ratio= Average of PE Ratio of all peer Co...
-
Summer is a good two months away, but some of us are already sweating. And for good reason. North Block has hinted at a higher tax for t...
2 comments:
Hello Sir,
Nice post. I totally agree with you.
Today, on Sep 11, 2009, Gold could not cross crucial level of US $ 1007, though it crossed US $ 1000 on Sep 09, 2009. After it crosses 1007 then only one can see rally in Gold.
Hope will cross 1007 in short time.
Post a Comment