Buying Gold as saving!

Qatar
October 31, 2010 3:45am CST
I love to buy gold when ever I have a good saving in my account. Now Iam noticed that buying gold has become an important saving which is actu white ally a traditional method used by house wives in India. Now that the demand for gold all over the world has increased and the gold mines will have less gold over the years. Now the rate has increased much that it is very difficult to buy gold. Which gold do you prefer to buy? I love yellow gold and white gold even though I don't like to wear much.
2 responses
@saqi78 (1402)
• Malaysia
31 Oct 10
Yeah, you are right, buying gold is saving your money, but the prices of gold has rising up from last few months and but I have seen a negative trend from couple of days, I think in the end of this year these prices ll come down to half of the rate they are at now, so now a days it is not advisable to buy gold, the market trend is showing you, you can see from last few months figures that the rate was higher and higher, I think this was the policy and goldsmith and gold dealers were happy with this, now the prices are behind the reach and people tend to buy other gold plated or fake gold instead of real one. From last few days, when there was concerns from goldsmiths, around the world the prices came down a little bit, you ll see in mid or at the end of November that these prices ll suddenly comes down... So it is advisable not to buy now, wait for some time and look the graphs of gold rates...:)
• Qatar
31 Oct 10
Thank u for the info. Waiting to see if it would come down and of course you should have money then
@saqi78 (1402)
• Malaysia
31 Oct 10
Yeah, it ll come down, just look the prices of two weeks before and now, there ll be a little difference...:)
• China
31 Oct 10
It is accturly a good way to save money and earn more money,if i have enough money,i will chose this way,but it is so sad that the money in my hand is so short to even meet my normal life,i like yellow gold better!especially yellow gold ring!