tag:blogger.com,1999:blog-7148222695370746347.post4159965497635583743..comments2023-10-15T17:16:24.091+05:30Comments on Stock Market Charts | India Mutual Funds Investment: Gold and Silver Chart Patterns: an updateSubhankarhttp://www.blogger.com/profile/13248068905130821262noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7148222695370746347.post-83232782600398503972011-08-24T11:27:23.273+05:302011-08-24T11:27:23.273+05:30Appreciate your comments, Anand.
The timing was f...Appreciate your comments, Anand.<br /><br />The timing was fortuitous - gold prices corrected by a whopping $68 on Aug 23 '11! <br /><br />The US economy is likely to have anaemic growth for the next two-three years. But fear-mongering is part of the American culture - apparently it helps to generate retail sales!!<br /><br />An analyst friend, who is a gold bull, has predicted gold at $3000 by 2012. I have no idea if it will get there or not.<br /><br />You can allocate 5-10% of your portfolio to gold - as a diversification. Remember that it gives no returns whatsoever. In terms of capital appreciation, ITC, M&M, TCS, Colgate are way ahead.Subhankarhttps://www.blogger.com/profile/13248068905130821262noreply@blogger.comtag:blogger.com,1999:blog-7148222695370746347.post-30094446639541130312011-08-24T08:53:39.875+05:302011-08-24T08:53:39.875+05:30Hi Subhankarji,
Thank you for your wonderful anal...Hi Subhankarji,<br /><br />Thank you for your wonderful analysis. It came just in time when I sold some of my Mutual Funds and was about to put that money into Gold. <br />But what is your opinion of the US economy over the medium(2-5 years) and long term(10-15 years). Have read some senior macro economists suggesting that US would go into recession during these periods and Gold would reach some really astonishing prices as a result. So what do you say about Gold in the long term ? Would it be a worthy diversification if I already have part of my money in say HDFC Equity Fund. Your feedback would be much appreciated. Thank you <br />- AnandAnandhttps://www.blogger.com/profile/06032310357322665767noreply@blogger.com