In my previous articles I have explained about the gold as preferred investment option and the rising gold prices. Today I have read article on moneycontrol website about the 13 reasons to buy the gold.
1. Global currencies are at an imbalance
2. Investment demand for gold is accelerating
3. Printing currencies
4. Huge supply and demand gap
5. Declining interest rates
6. Decreasing gold production
7. 10-year long gestation period
8. In China, it is safer to keep money’s worth in gold?
9. Demand in India
10. Investment demand is high
11. Governments attitude towards gold can be foolish and slow
12. Currently it is tied to the USD
13. Banks are pushing gold!
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November 23, 2009
Investments