Impact Of A Proposed Tax Hike On India's Gold Imports [View article]
Last time import duty on gold was hiked in 2012, there were protests and then every thing became normal. Came the marriage season and every body bought gold, the increased cost not with standing.Traditions and customs will continue to prevail what ever be the cost of gold. To me silver jewellery appears to be the better alternative to platinum, if nothing else but for the cost differential. A lot of Indians are already investing in silver which continues to give better returns than gold a fact well known thanks to the internet.
The Fed Prints More Money, The Gold Price Falls. Should You Be Worried? [View article]
The timing of this quasi QE 4, the fact that gold is trading just sub $ 1700 and silver threatening to break below $ 32, the Chrismas vacation and the obfuscation over how finally the fiscal cliff would unfold over the coming fortnight, are perhaps the reasons why we are finding gold and silver trades behaving in the manner they are. The time to go in for any positions is this week. Come 2013 it may be late.
The Merits Of A Gold Standard Depend On The Details [View article]
Simit thanks. Its these godamn details that will keep the re-introduction of the gold standard at bay. A simpler way around for the ordinary is to appreciate world economic salvation revolves around gold and go for it. It appears we are moving towards this year's Feb- March figures for gold at $ 1700 and silver at $ 33 and thats all that should matter to us.
3 Reasons Why China Wants Its Citizens To Own Precious Metals [View article]
Its an irony that India the largest consumer of gold and silver is discouraging its population from investing in gold (and silver) which it refers to as dead investment and exhalting them to invest in more productive instruments for the sake of progress and development. On the contrary, the Chinese are doing exactly the opposite. Being an Indian myself, I know our folks are not so gullible and continue to dream gold and silver. The question therefore boils down to possessing gold(and silver) or not. I think go for both.
3 Commodities To Buy Before Roubini's 'Perfect Storm' [View article]
In bad times if gold were to go up so would silver for simple reason it is times 58 cheaper, past precedent shows silver follows the gold path( more violently both ways) and finally industrial activity would have to return to keep the universe ticking. I would go for silver.
Why Rising Oil Will Support Slumping Silver Prices [View article]
The use of silver in solar panels is one of the many thousands of industrial uses of silver. It is, therefore, a buy on all dips. Silver's best bet is its industrial usage and its ever increasing applications and as a corollary its demand. Investors' demand is also not on the wane. People are looking for better entry points and if they miss them now they would not hesitate to enter at higher levels later.
The five nation BRICs have initiated action to create their own bank with the intention to trade initially in respective currencies~ a potential threat to the dollar acknowledging their collective economies account for 28% of the world. We may well infer that a common currency may not be the next step drawing lessons from the Euro experience, but who knows for the wisest economic brains are at the helm of affairs. I see the gold standard on the horizon for the world's economic emancipation. Regional redressals are unlikely to work out.
Why Taking Profits Is Not The Best Strategy [View article]
Selection of the right stock is the first battle won. If that stock moves as anticipated that accounts for the second victory. By fixing your profit/loss percentages and stop losses and sticking to them you inject the third battle winning factor, namely, removal of impulse from trade. Remember we have no control over volatility and manipulations in the market.
Why Taking Profits Is Never Overrated [View article]
Bill thanks. We trade or invest with the sole aim to make a profit. The end all and be all of all trading strategies is to make profit and profits come only if booked. Lack of an investment plan, greed, procrastination and wishful thinking kill profits. Volatility is a game changer to be fully appreciated and kept in focus. All markets are manipulated. This bug cannot be preempted, detected or removed. And finally, nobody ever lost taking profits. Go for booking profits before they book you. Small battles win the war.
Finding A True Value For Gold And Silver: Part I [View article]
Retired Aviator thanks. Gold I personally feel requires no benchmarking, not even with silver. My ancestral plot of land purchased in 1962 for Rs 2000/- is valued at over Rs 3 crores today as it is in a metropolitan. A similar plot in a less attractive city is available today for Rs 5 lac. Since it is basically the cost of land and to a degree the rising cost of construction that decide the cost of a house, any benchmarking with gold would differ from city to city. Yes, when buying gold or property wise men make this comparison to decide what to buy. Silver on the other hand because of its industrial applications and rising by the day, may outshine gold later sometime and, therefore, appears to be the better investment today.
Gold: Long-Term Fundamental Thesis Remains Intact [View article]
Eric thanks. My views are a shade different. Gold trade is a miniscule, in fact, a nano representation of world trade. It is only for the rich and not the ordinary. The trade is manipulated almost daily thanks to gold cartels and to a degree the central banks and mind you Mr Bernanke has no role. Tsunamis, earthquakes, failing economies, warring interests among nations and such like calamities that spur gold prices are inevitable, therefore, the inference that the "the long-term thesis for gold remains very much intact" appears logically to be the only thing that can happen to gold. Such being the edifice for gold progression, predictions and prices I will only add beware.
With gold constituting less than a percentage of the world trade(insignificant to put it mildly) down from 25% till two decades earlier, it matters little what the forecasted additional debt burden will do to its futuristic prices. A return to 25 % with additional induced fiat may see gold at ??? And when ???
Secondly, it's prices are manipulated every day at closing and opening of exchanges in Asia and Europe alike, so let's go slow on forecasting entry or exit points that are not backed by conscience, faith and logic.
Thirdly,plan to buy gold at a $ 100 below today's price every time and you will feel OK. Yes, requires patience and a no regret attitude, if you go wrong. For those already invested and sitting on hefty profits (and there are many who entered at $ 1000 and not very long ago), wait for gold to drop $ 200, else ride the uptrend further, if and when it comes. Is that a problem? I suppose not.
And finally, don't get bugged into investing more than 10% of your holdings in gold. Equities remain a vibrant option. Lesser manipulations and your proactive involvement and control over your hard earned savings.
India is a choppy mix of diversities and adversities, potential and sloppiness, good and bad, rich and poor, ethnic diversities sharing a hate and love relationships at the same time and the list could go on. Not with standing all this and the rampant corruption to top it all, it is country on the move and in the positive direction.
Eric thanks. The established base for gold and silver may remain $ 1700 and $ 33 for some time. Apart oil and Iran, gold must move up to push silver to $ 40. This may take some time. Also silver's higher volatility deters investors specially if gold is not trading strongly. If gold were above $ 1800 I dare guess silver would have been at $ 38.
Impact Of A Proposed Tax Hike On India's Gold Imports [View article]
To me silver jewellery appears to be the better alternative to platinum, if nothing else but for the cost differential. A lot of Indians are already investing in silver which continues to give better returns than gold a fact well known thanks to the internet.
The Fed Prints More Money, The Gold Price Falls. Should You Be Worried? [View article]
The Merits Of A Gold Standard Depend On The Details [View article]
3 Reasons Why China Wants Its Citizens To Own Precious Metals [View article]
3 Commodities To Buy Before Roubini's 'Perfect Storm' [View article]
Why Rising Oil Will Support Slumping Silver Prices [View article]
Gold Losing Its Luster? A Short-Term Bearish Options Trade [View article]
Never Waste A Good Crisis [View article]
Why Taking Profits Is Not The Best Strategy [View article]
Why Taking Profits Is Never Overrated [View article]
Finding A True Value For Gold And Silver: Part I [View article]
Gold I personally feel requires no benchmarking, not even with silver. My ancestral plot of land purchased in 1962 for Rs 2000/- is valued at over Rs 3 crores today as it is in a metropolitan. A similar plot in a less attractive city is available today for Rs 5 lac. Since it is basically the cost of land and to a degree the rising cost of construction that decide the cost of a house, any benchmarking with gold would differ from city to city. Yes, when buying gold or property wise men make this comparison to decide what to buy.
Silver on the other hand because of its industrial applications and rising by the day, may outshine gold later sometime and, therefore, appears to be the better investment today.
Gold: Long-Term Fundamental Thesis Remains Intact [View article]
The trade is manipulated almost daily thanks to gold cartels and to a degree the central banks and mind you Mr Bernanke has no role. Tsunamis, earthquakes, failing economies, warring interests among nations and such like calamities that spur gold prices are inevitable, therefore, the inference that the "the long-term thesis for gold remains very much intact" appears logically to be the only thing that can happen to gold. Such being the edifice for gold progression, predictions and prices I will only add beware.
Look To Buy Gold At This Price [View article]
Secondly, it's prices are manipulated every day at closing and opening of exchanges in Asia and Europe alike, so let's go slow on forecasting entry or exit points that are not backed by conscience, faith and logic.
Thirdly,plan to buy gold at a $ 100 below today's price every time and you will feel OK. Yes, requires patience and a no regret attitude, if you go wrong. For those already invested and sitting on hefty profits (and there are many who entered at $ 1000 and not very long ago), wait for gold to drop $ 200, else ride the uptrend further, if and when it comes. Is that a problem? I suppose not.
And finally, don't get bugged into investing more than 10% of your holdings in gold. Equities remain a vibrant option. Lesser manipulations and your proactive involvement and control over your hard earned savings.
The BRIC Countries: India [View article]
Silver: Rally Remains Strong As Ever Despite Wednesday's Events [View article]