Gold and silver

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The gold and silver rates are increased in the market the gold had a rise of 200rs and the silver is 150 rs nearly.

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This is truely abnormal. Maybe in future, price of diamond will become comparatively cheaper than Gold and Silver.
my mother said gold is on fire . it is increasing randomly and don't think in the near time normal people would able to purchase gold any more.
The common man already lost his dream to buy the gold and silver.He was unable to buy it in future.
I think selling gold will be more profitable then buying it. :laugh: with the increasing price.
Increase in gold prices is directly related to the world economies not doing well. Countries keep as gold as deposit with the world bank. Previously people use to buy dollars as everyone trusted American economy not to go down but after recession thats not the case and now people are more inclined to buy gold as it is a precious metal and it cannot be created.

And yea, anyone looking for an investment should always buy a mix of gold and silver. Silver has more industrial use than gold, so it will increase in value even when the economy of the country is doing well.(gold prices may take a hit that time)

Palladium is also a good option.

Topic Author

S

Sasikanth

@sasi1021

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Created Thursday, 22 September 2011 14:41
Last Updated Tuesday, 30 November -0001 00:00
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