Precious metals market is on a roll these days !! , GOLD and SILVER are everyones Darling .
GOLD
Gold has given good returns from this year start and finally broke its trading range . Its expected to give good returns in future too .
SILVER
Silver has outperformed Gold in 2008 and is expected to do so in future too . But I am hestiant with an idea of buying Silver from some local jeweler . It should be bought from some recognised Bank only as per my view .
I dont think that its a good idea to buy gold or silver in physical , People who want to do it to invest for marriage and all is ok , but still its only for Investment and to gain from the price appreciation in these metals , the best idea would be to go for ETF's . They are easy , secure , more cost-efficient and tax efficient .
Some Notes
Silver ETF's are still to come , currently we only have GOLD ETF's , sogiven a choice of investments in precious metals , I would prefer GOLDETF to Physical Silver even though Silver is expected to outperform GOLDin coming future .
Even GOLD has broke out of its trading range and now its expected to goupto the levels of 1750 per gram , and then upto Rs. 2000 levels asexpected by some analyst in coming times . See :http://manishanalysis.blogspot.com/2009/02/gold-breaks-out-from-its-trading-range.html
Guys , When it comes to ETF's , Benchmark mutual funds are the leaders ,that company mainly focuses on ETF's and manage them in a better way .So there ETF's are recommended . (that does not mean , others are notgood or can outperfom them) .
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{ 2 comments… read them below or add one }
I feel that gold is at its peak and will not go too high as suggested by some analysts. I feel that hold will soon hit downwards and find its base between 10k to 13k.
@Anonymous
What is the basis of your thinking , can you share the reason why you feel that .
Not to offend , but if its on the basis of price , there is no High or Low , its only market price . That does not mean that GOLD is rising for sure , Anything can happen .
Manish