July 22nd, 2011 
vijaianand I cannot stop but talk about Gold when I was wondering what to write for this month blogs. Gold is dominating the market news these days because it broke the $1600 mark and made another record this week. It has gone up from $1500+ mark to $1600+ in just 2 months which is 6% increase in this period. If some one would have invested $1500 2 months, they might have earned 6% return in just 2 months. That’s really high rate of return because of the current market condition and high speculation.
With uncertain looming in the US debt crisis, Greece economy situation still unsettling, Oil price increasing, Investors doesn’t have a strong feeling about stock markets all over the world and playing it low. That makes the commodity prices to shoot up and Gold is on top of it. Silver has become the new gold for many people who cannot invest in gold because of the high price.
If you still decide or plan to invest in Gold, just watch out for signs and do it diligently. Many analyst are still predicting Gold will hit $2000 mark by end of this year. It is possible if the economic uncertainity prevails but as an investor, its an high price invest so try to do your investing carefully by doing more research.
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