i know its not easy (or may be even not possible) to comment on, but am wondering how is gold as a investment for 2-3 years. not talking huge amounts but may be around 10k worth of gold to invest in for the next 3 years (instead of having a GIC) - would anyone have any views on where the prices for Gold would probably be in around 3 years time assuming that its already well above 1000+ mark as of today

Unless the world can find a third safety reserver, other than Gold and the USD, the price is likely to go up - within certain limits, I'm sure.
With the amount of money that the US Fed. Reserve is printing, they are fast de-valuating their currency.
With rising US national debt, underfunded social security welfare, increasing health-care costs, out of control war spending, etc. the US Govt. is fast reaching the point when their credibility (Treasury bill rating) can be downgraded.
All of this points to higher gold prices.
However if the US economy is perceived to be recovering, institutional and foreign money will again flow into the US currency and/or stock market and demand for gold will reduce.
It's unfortunate that some of that institutional and foreign money is also using oil and natural gas futures as safe havens, thereby keeping up the price of oil.
All said, it's impossible to predict where the price will go. You have to make that call yourself.

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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"

Hi friends,
I am not an expert on economics, however I read an article wherin it did argue against the gold price increasing unchecked, and the argument put forth was the increase in production of gold by a minimum of 5% of what it is now, coupled with the fact of lesser demand (consumption) of gold for jwellery and other purposes.
Current price increase is attributed to the fact of hedge funds investing , and the fact that people are rushing to find safe haven to park their funds.
How much to believe or how far the prices can go is still not answered clearly,
However technicals do favour the price in the range of $1300 -1500 in the long run.

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mor

Whenever you experience joy, peace, security, equanimity or purity, it is only because you are aligned with ALMIGHTY.

So what will be the best option to buy gold if one has to jump into it ,from where and how ?

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Originally posted by Bingo

So what will be the best option to buy gold if one has to jump into it ,from where and how ?

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10 yrs back the prices were Rs.4000 for 10 gm

now the prices are Rs.16000 and varies upwards for 10 gm

so u decide is it good for you

just to give u a briefing

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akkiluck

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Originally posted by Cougar
I would be keen to know as well as to what would be the best way to buy physical gold in Toronto !?

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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"