In this type of scenario where global financial crises is deepening, no liquidity is been seen. Governments are busy printing money as a result of which currencies are losing their value; Investing in gold seems to be safest bet. It is predicted by many analyst all over the globe that gold price may touch US $1000 per ounce (31.1034768 grams). In India presently gold is quoting at Rs. 45,773.96 per ounce.
The price of gold may go to Rs. 50,000 per ounce within a month or two and may remain above Rs 50,000 throughout the year. Where money invested in all the indexes are shrinking, the investment in gold seems to be intelligent decision at this time.
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This article really shows how important gold is in investments. Now it made me think of investing in gold rather that put any efforts in other investments.