Getting Into GOld

Gold is a metal that invites a liking which cannot be restricted.
It is an investment , and a prestigious asset.
In 1900 the price was $21.1!935 saw a mild rise, it was quoted as $35.
It was 37 in 1945.
Between 1945 to 1974, it was range bound ,oscillating between $35 and $40.
Then the hike was overwhelming.
In 1975 ,it was $151.
It jumped to $641 in 1980.
1985 saw a decrease to$354.
Again there was shift, the price was $424,in 1990.
Then there was slight repercussion, it was $385 in 1996
The year 2000 saw a drastic fall to $200.
There was leap in 2005, it was $420.
2009 witnesses an historic rise.
Gold is now $1151/ounce.


Is it still a safe investment?
Gold may extend to $1180.
The price escalation has suffocated the buying capacity.
There is an apprehension to the price enhancement.
Lot of predictions are rife,about the gold price
Lot of hesitations are prevelant, about the gold swing.
The surge is invitable, as the dollar is losing out.
The decrease in price is anticipated later next year, as there are ups and downs in the market standard.
An unreasonable upward trend is sure to bring in an unimaginable downward cast.
So , be wary of investing in Gold for a distinct period.

Gold Skyscraping

Twinkle ,Twinkle little gold,
How I wonder,what you hold,
Up above the world so high,
Like a comet in the sky.



Gold is a fine asset.
It is a safe investment.
It has lot of potential value.
It needs no space to be stored.
It is a physical ,tangible property.
It is subjected to volatality, to a certain extent.
It commands respect.
It promises pride.
It predicts wealth.
It possesses significant sentimental notation.


The lure for this metal is understandable.
India has a special emotional commitment to gold.
A simple marriage requires a minimum of 40 grams.
A wedding of moderate threshold calls for half a kilo og gold.
A grand wedding is a show of of kilos of gold, kilos of silver, and carats of diamonds.
The Indian attraction to gold is from time memorial.
Every woman accumulates gold with what little she can save in her monthly expense.
So the Indian household has a stong coer of this valuable metal.



As the price range is glaring and glistening, there is a constant buy out, not to talk about the 200 tons bought by India rom IMF, for a resolution of $7 billion.
The Indian purchase , has stimulated the price rise of gold, much to the varied expectation of the analysts.
Gold will reach $1500 level soon, is the expectation.
Chances are bright.
Let us wait.

India SurprisesThe World.

India , of late is creating sensations.
It is a fascinating country.
Poverty , snake charmers, bumpy roads were the watch words of India.
But the ambience of the ancient country has transformed .
It has become a super economic power.
It is the first to come out of the recession.
It has put all the wealthy nations in the back seat.as it had quietly fulfilled the transaction of gold from IMF. It has bought 200tonnes of gold for $6.7billion.
This dramatic move will bring down the startling price of gold.


The world stands amazed.
The European nations are bewildered.
China is disappointed, as it was considered a prospective buyer.
Unexpectedly, India has become the most eligible bachelor to woo the golden bride from IMF
It has successully won the hands of this charming yellow golden girl.

India'sforeign exchange reserves held at the central bank totalled $285.5 million on OCT 23, of which gold acounted for of $10 billion. The latest purchase will lift its share of gold reserves to 6%rom 4%., which is less than most developed countries , but more than 4 times of China's share.
IMF's sale of gold is part of its policy to extend loans in concessional rates to the poorest countries.
India and China had promised to buy Gold from IMF , to enable them to promote the specific cause.
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