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Gold prices down
by Freek Guy on Apr 02, 2007 02:31 PM

I dont understand this article.. Does this mean that we just purchase some gold and keep it in some bank locker or something and after a substantial amount of time, sell it at a better value, which may be comparable to MFs or such investments and more than anything else, lesser risky?
But do we not have to consider the fact that second hand gold(Gold owned by individuals) have lesser value than the market price? We also have to consider the fact that even reputed Jewellers may cheat in the purity of Gold, the charges of keeping the Gold etc...
Another significant factor affecting Gold prices is that other forms of showiness: Pearl and Diamonds are gaining market, so Gold has to suffer ultimately.
Last thing is, Tertiary articles like Gold will have market only when the economy is good, if we have to go on a subsistence basis, the demand for tertiary articles will lower, so prices would come down

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Beat inflation, invest in gold