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
-
A TO Z OF INCOME TAX PROVISIONS AT A GLANCE: 1. Detailed information of Income Tax is available on www.incometaxindia.gov.in 2. As per...
-
JOURNEY OF SENSEX The Sensex, has been in existence since 1875, is a free-float market-weighted stock market index of 30 well-established ...
-
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...
-
Some best practices in mutual funds investment : 1) Start SIP anytime. Don't think twice about whether its a right time or no... -
~ Indian stock market will soon witness longer hours and higher volumes. In a move that will give investors more flexibility but make life ...
-
~ Corporate News Coal India is moblising a Rs 1,600 crore funding for two of its ailing firms - BCCL and EC - to take them out of th...
-
~ Dr Reddy's Laboratories (DRL) stated that it is recalling four of its drugs used in the treatment of ailments such as allergy, depr...
-
Corporate News Kolte Patil Developers announced that it has entered into a joint venture agreement with a subsidiary of US-based Por...
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