Tuesday, January 10, 2012

Why An Investor Should Buy Gold?

If Your felt why you should buy gold, the chart below gives an idea about the same. Gold price has experienced steep rise in the last ten years. Since 2002, gold price has increased more than 5 times. Gold has always been termed an asset class which helps in hour of crisis. When global oil crisis happened in early 70s , price went up two and half times between 1972 to 1975. Similarly , gold price went up from from 12500 rupees per ten gram to 30000 rupees ten gram from 2008 to 2011. So whenever crisis occurs, it is advisable to park your money in gold.

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