Monday, November 9, 2009

It is expected that gold price will double in the next 10 years

The only yield from gold is its appreciation. In recent years, gold has been a favoured asset even among individual investors because of greater uncertainly in the real estate and stock markets. The international price of gold has been consistently rising since 2003. From $400 an ounce in 2004 it jumped to $700 in September 2007 and to $1000 in September 2009.

Gold as a reserve asset can be, up to a point, a better alternative to government securities in foreign exchange reserves. The price of gold is likely to rise further in future for a variety of reasons.

To read more, please, visit Smart gold deal by RBI | Economy | Reuters

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