At SAMPARK, 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
-
SAMPARK 75(193), G. T. ROAD RAMBANDHU TAKAW OPP-CHOWALAL SCHOOL ASANSOL-713303, (W.B),INDIA JALAN BHAWAN 52 N.S.ROAD... -
A WINNER can show you d way to success.. But.. A LOOSER can make you.. Aware of all ways leading to failure..@
-
8 MILLIONS CHILDREN ARE NOT IN SCHOOL : THE POWER OF YOUR WORDS CAN HELP CHANGE THEIR LIVES .. JOIN THE MOVEMENT NOW
-
25. Kyoto University , Japan Kyoto University rated as 25th best university in World University Rankings 2009. Founded in 1897, Kyoto Univ...
-
Gold has always fascinated us Indians but do you know how prices of gold have varied in India. I happen to visit RBI website which pub...
-
Over the past month, several mutual fund investors would have received a mail from their fund house to update their Know-Your-Customer (K...
-
MY INTERACTION with one of my client on 12.12.2018 Sensex up today by 600 points* :scream: Manish : I am wondering Dr. AAA, why t...
-
One of my client get more than 6L as a benefit beside his SIP amount become double in the time span of about 8years. This event force me... -
Dear All Today is the first day of the new Financial year and we all are free now as lockdown prevails due to Corona crisis, so let's...
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