Investment In Gold
Posted on December 24, 2009
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From time immemorial, the role played by gold in the global economy is very vital. Be it in the matter of Forex reserve of the country or the investment portfolio of any individual. This precious metal has assumed greater importance in the present context of global financial uncertainty. Many countries like China, Srilanka, India, etc., has started increasing the proportion of gold in their foreign exchange reserve.
Recently India had brought about 200 tons of gold from IMF to balance the Forex reserve while China bought 10 tons. Even the speculators in the commodity market are diverting their investment in the gold related ETFs to reap high profits as the gold price is soaring in the context weaker green pack.
The liquidity offered by gold in possession is un-disputable and the attraction towards the jewellery made of gold is increasing a day by day in the Asian countries. In all, the investment in gold is found to be safe and secured for both the individuals and the countries. The demand for gold is expected to increase in the days to come as confirmed by the World Gold Council.
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