Look at Gold Prices
Dear
investor look at gold prices, you can read in my old blogs. I have many times
suggested that gold is not good investment avenue for wealth creation. Gold
plunged 4 percent on Monday to its lowest level in more than 5 year.
It
was sudden, massive drop for gold as they breached critical support levels as
on growing expectation that the US Federal Reserve will hike interest rate this
year. I am again saying here please do your asset allocation according to your
need and investment period. Gold is very good for hedging but it is not very
good investment option in long run.
In
India, people are mad about gold purchase regardless price and return. So I
advise to my Indian investor that they should keep gold as much they need for
holy occasion and events and do not buy it for investment purpose.
If you have doubt about investment
product and want more information regarding investment or you need investment
services, feel free to ask us. We also conduct the seminar on investment and
financial planning. If you are interested for conducting seminar in your city,
just drop the mail.
Warm regards,
Arvind Trivedi
Certified Financial Planner
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