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Gold: Best investment or a bursting bubble?
Best Investment:
- From the past many years, the value of gold has only increased.
- In case of need, we can sell gold anywhere, anytime. The value that we get is always the value of the metal on that day.
- There are many schemes available for Gold that makes it an ideal investment. We can buy gold installments, take loans against it etc.
- It is the simplest form of investment. You don’t need any paper work, duties etc. You can buy and sell gold in a jiffy.
- Even if you don’t get the same price while selling as that of buying, you can easily use gold elsewhere.
Bursting bubble:
- Remember, gold cannot be considered as an asset in the true sense as it doesn’t necessarily create value and income over time.
- The gold bubble has been building up for a long time now. The prices have been increasing and investors are sensing that it will burst someday.
- Considering the instability of the economy worldwide, this bubble can burst anytime.
- The gold prices are more investor driven as compared to any specific economy attribute.
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Further, this content is not intended to be used for commercial purpose. Technicalsymposium.com is not liable/responsible for any copyright issues.
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