Financial market has seen a huge increase in the number of new gold buyers. It has been rightly said that Gold market as per the current statistics is on an all time high and every one is trying to in cash this high in the gold market.
TRENDS IN GOLD PRICE
This debate is about the speculation over the trend of gold price. The year of 2008 has seen gold rising to unprecedented heights. The year of 2008 has been a trend setter for gold price, opening a completely new market and introducing so many new gold buyers. The very first day of trading of the year 2008, saw establishing of new record. The first day it saw an all time hike in the gold price. That is he time when the speculation over the gold price began, people were in double mind, whether the gold price increase is just a temporary phase or is it going to maintain. By mid – February 2008, the gold price jumped to £10 per ounce. By 21st February gold price has crossed unimaginable records at $950 and has almost reached $1100 by now. A very commendable rise in such a short phase of time!
SPECULATION AND GOLD BUYING TREND
With this current trend and unimaginable rise in Gold price, also began the severe rounds of speculation. These types of speculation created a suspicion in the mind of the new and first time gold buyers. Gold buyers speculated that this huge rise in gold price is just temporary and because of this they were a little cautious in buying. But sooner they realized that this high is to remain and has entirely changed the status of gold.
CAPITALIZE ON CURENT TREND OF GOLD PRICE
Once the potential dealers in gold understood that the rise in gold price is stable and continues to rise, there was tremendous and sudden increase in the number of gold buyers. Every one wanted to capitalize in the latest trend. A piece of suggestion for those buyers who want to invest in the wake of rising trend, it is best to buy gold coins or gold bullions, they will give you more profit for they are pure gold. Shares can fall, market can be low but investment in gold is never going to fail you. This is the time just go for it, buy gold and secure your investment.
With the current trend, experts strongly believe that any investment in gold at this time is sure to bring a gold mine for the gold buyer in future. If you are a first timer, then the best decision to make is to invest around 40 % of what you have kept aside for investment in buying gold. This will be the safest and the most repaying investment decision. Go ahead and take a plunge!
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