Try nwtmint.com

It is good ...

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We will find a way or we will make one

Meanwhile, the yellow metal gold continues to flirt with its all time high levels. Last heard, it was comfortably perched well above the US$ 1,000 per ounce mark. And it may not be done yet by any stretch of imagination. Experts are of the opinion that it could easily double from here. And that includes Jim Rogers, one of the world's most respected commodity investors. Speaking to Moneynews, the fiery Rogers opined, "If you go back and adjust . . . for inflation back in 1980, gold should be over $2,000 an ounce. In my view it will get there again sometime in the next decade." Please note the last few words. He believes that gold would double sometime in the next decade. In other words, it may have started to look stretched from a near term perspective. In fact, even Rogers is not buying at current levels. But he also mentioned that if it goes down from here, he could once again start buying.

While awaiting a dip in gold prices could be the best thing to do right now, you may not want to do the same for silver and instead start buying today itself. Yes, you've read that right. Taking into account the fundamentals, silver is looking more attractive than gold from a long term perspective. In fact, it has already beaten the yellow metal so far this year, rising three times more than the 17% returns earned by gold. Moreover, the fundamentals of silver seem to be more compelling than that of the yellow metal. As per DNA Money, the amount of silver out there is just 20% of the gold and secondly, silver due to its best in class heat and electrical conductivity and versatility could be used into a lot of applications, thus making it far more useful than just being a storehouse of value. In view of these factors, silver definitely needs to be considered seriously if one has to diversify away from fiat currencies.

00:57 Chart of the day
Of late, there have been talks from several quarters that the world is recovering from the steepest drop in global economic activity since World War II. Recently, the International Monetary Fund has joined the chorus although it admits that the challenge is to sustain the recovery. Today's chart of the day shows that the GDP of China and India is expected to grow in 2009, at a time when the world output will contract led by the US and Europe. In 2010, the situation is expected to improve. However, there is no room for complacency given that the forces that are driving the recovery - major fiscal stimulus, central banks' support for credit markets, and restocking of inventories following the previous large cutbacks in production - might lose potency.

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The best way to find yourself is to lose yourself in the service of others.”
Mahatma Gandhi

Today is Dhan teras- so what not buy gold? Whether it will go up or down is anybody's guess. All the mavens are full of scatological material when it comes to forecasts.

Expert after expert has been shouting from the rooftops about how gold might go from strength to strength from the current levels. And it could well be justified. However, if you look at the chart of the day laid out below, you would consider buying something else. Shares in Indian companies that is. Over a really long-term period, returns from Sensex have beaten returns from gold hands down. In fact, gold doesn't even come close.

Since Jan 1990 till Sep 2009, while gold is up nearly 5-fold and just about keeping pace with inflation, Sensex is up more than 25-fold, albeit with higher volatility. Agreed that best days for gold lie ahead as the metal had barely budged in the 1990s but so do India's. While gold has historically proven to be the best bet against inflation, the chart makes it clear that making it a large part of your portfolio may not be a very good idea. To give your portfolio that extra edge, stocks are a must have.

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The best way to find yourself is to lose yourself in the service of others.”
Mahatma Gandhi

Today I was at the world money show at the Metro Convention centre where dadas like Gary Schilling, Gordon Pape, Steven Forbes and others spoke.
The prognosis is that gold will hit $1200 end of 2010.
From the current levels it is less than a 15% increase. They had other things to offer that would go up more than 15%- Copper for instance and other base materials.
Why be hung up on Au? Cu and Al are better.
Once again, these so called Dadas are full of scatological material when it comes to forecasts.

OP, did you find out where to buy the gold from?

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Regards,

Quote:

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Originally posted by shyboy

OP, did you find out where to buy the gold from?

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