Businessmen and house wives in India have been sitting on the edge of their seat as if they are watching a one day cricket match. But they are actually watching the
price of gold which is witnessing a steady rise for the past week.
Subscribers to several financial news letters are aware that many financial experts have predicted that the gold price will soar to Rs.1000 per gram within a month or so. But beating the prediction, the gold price is already nearing the Rs.1000 mark and now stands at Rs.925 per ram.
Credit Suisse predicts that the yellow metal will touch $1000 per ounce over the next five years. As usual, I looked up at Monex for their views. Yes, they also conform to the views of experts.
If Monex agrees, then I don’t have to look any further. After all, it has been serving the Americans’ precious metal investing needs for the last 30 years.
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