Jon Nadler, senior analyst at Kitco.com, says that the gold prices should be at $1500 by now due the weakness of the US dollar and other factors , but he does not expect the silver prices to go any higher from here , he projects the silver at $31 , $32 an ounce ....
Gold is best suited for a long term investments. The demand for gold as a currency and for jewelery has always been robust. Gold is very liquid and it exchangeable worldwide , The process of buying and selling with gold is quite quick. It offers near zero risk of value depreciation.Gold unlike stocks can never go to value Zero , One can even invest in gold online, nowadays. Investors can now buy, sell and virtually trade in gold commodity just like any other stock or equities. This has been a driving factor for many to invest in gold because investing online reduces the risk of actually owning the metal.But in this blog we always recommend the actual physical gold in your hand that you can touch feel and store , do not let anybody hold it or store it for you , better do it yourself .Gold prices are generally not affected by the fluctuation in the currency. The gold price does not rely on potency of the currency. Also, the price of gold is not influenced by any kind of political instabilities or crisis.However, gold doesn't provide any immediate appreciable income. The value of the income has to be seen over the long term.People buy gold in order to preserve the value of their money not for a quick gain cause gold is real money it has been so for more than 5000 years , hold it hoard it and wait ...the longer the better
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