I dedicate this page to share everything about gold that I know and what I do with that knowledge ...
Part I - Gold is a long term investment
Just look at the following chart. Gold price movement in 30 days.
Do you see any pattern? Not really, but looks like it is moving down right? Now look at the chart below. Gold price movement in 1 year.
Do you see any pattern now? Hardly. Next, lets have a look at the following chart for the gold price movement in 5 years.
Do you see any pattern now? Definitely! And it is moving up and up and up. Therefore, gold is meant for a long term investment. When investing in gold, you should not expect or plan to see the return in a short period of time. That is the lesson for today :) - 11.5.2012