Find trend analysis on gold and silver..pn basis of technical analysis.
click the link below.-gold http://suchitaambardekar.blogspot.com/2009/05/gold-mcx-till-07052009.html silver-click below http://suchitaambardekar.blogspot.com/2009/05/mcx-silver-till-12052009.html Suchita Ambardekar http://www.suchitaambardekar.blogspot.com On Sat, May 16, 2009 at 11:03 AM, sreeram pv <[email protected]> wrote: > > So what is the summary my dear is it or is it not pls summarise > > On 5/15/09, Naren Baliga <[email protected]> wrote: > > > > > > > > > > > > > > > > gold gIs gold good Investment?ood Investment? > > Wed May 13, 2009 3:40pm IST > > Is GOLD a GOOD INVESTMENT ??? > > > > > > > > > > > > > > > > > > > > > > > > (D. H. Pai Panandiker is the President of RPG Foundation. The views > > expressed in this column are his own) > > > > > > By D. H. Pai Panandiker > > > > > > Since 2001 gold has been an attractive investment with an yield higher > than > > on many other assets. That yield came from the price of gold which has > > consistently risen in the past eight years. > > > > In the Indian market, the price of gold had shot up from Rs.1,180 per > gram > > to Rs.1,470 in the last one year though the international price of gold > was > > more or less stable. Gold became more costly in India only because the > rupee > > depreciated against the dollar. > > > > Gold has been a traditional form of investment apart from being a > favorite > > gift at marriages and festivals. That is because, earlier, there were no > > alternative assets, except land, to invest in and, unlike land, gold was > the > > most liquid asset with a ready market at all times and in all places. > > > > Even today, when there are good alternative assets available, gold > continues > > to attract a good deal of investment. Gold imports have been in the range > of > > 400 to 800 tons per year and the total stocks of gold in India have > exceeded > > 13,000 tons. That makes India the largest buyer of gold in the > international > > market. The demand for gold this year has however been down partly > because > > the price of gold has been high. > > > > The price of gold has gone through long cycles. It touched $ 850 an ounce > in > > 1965 and thereafter suffered a long bear spell. By the end of the > nineties > > gold was down to $300. Since 2001 gold regained its place in asset > portfolio > > of institutions and individuals as its price began to shoot up. In the > last > > eight years prices trebled > > . > > Will gold continue to be a good investment? Not in the short run. For, > the > > bullion market is likely to be over-supplied with gold. > > IMF will release 403 tons of gold to raise money to counter recession by > > investing in affected developing countries. China, which is holding huge > > reserves of gold, is also likely to go to the market to sell. Besides, > the > > demand for gold for jewellery is declining. As such, in the next year or > two > > the price of gold is likely to be steady or even decline. > > > > Investors’ will be looking for other options. Bank deposits may not be as > > attractive because the interest rates are now down to 7.5 per cent. The > > market for equity has been improving because of better risk appetite on > the > > part of investors and, before the end of the year, is likely to be on the > > upswing. That will divert investment from gold to securities which will > earn > > a better return. > > > > In the longer run it may be a different story. Production of gold has > been > > declining with the maturing of gold mines. Worse still, hardly any new > > sources of gold have been discovered. Hence gold supply will shrink and > > prices over time will rise to make gold a good investment though not > better > > than equity. > > > > > > (You can e-mail Dinker H. Pai Panandiker at: [email protected]) > > > > > > > > MSN Quiz Test your skill and wits on this revered battleground of > knowledge > > IMing with Windows Live Messenger just got better. > > > > > > Get easy photo sharing with Windows Live™ Photos. Drag n’ drop > > _________________________________________________________________ > > More than messages–check out the rest of the Windows Live™. > > http://www.microsoft.com/india/windows/windowslive/ > > > > > > > -- > Sent from my mobile device > > > > --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
