Tuesday, January 12, 2010

Goal for Gold

Gold once you hear the sound, it will come as no surprise to you to says that the gold is real money. Why? Because it fulfills your requirement and easily convert to real money whenever you want. The demand of the gold is always in high and the exchange rates are very attractive.

As you know that the growth of the gold price is getting tremendous and one of the best way to buy gold is thru’ systematically by every month, if possible every week.

Start to keep goal for gold by decent investment on a monthly basis, that is, start to buy at least a gram per month.

Now we will see the historical price of gold, every 25/5 years

Year - Price
1850 – 18.93
1875 – 18.94
1900 – 18.96
1925 – 20.64
1950 – 34.72
1975 – 160.86

1980 – 615.00
1985 – 317.00
1990 – 383.51
1995 – 383.79
2000 – 479.11
2005 – 601.74
2010 – current price
2015 - ???

Do simple homework,

12 months: 12 grams
36 months: 36 grams
60 months: 60 grams (I.e. five years)

Plan for long period such as 25 years

12 months X 25 years = 300 grams

Imagine the gold rate of one gram after 25 years from today.

Start to buy at least a gram per month in demant account, where you can keep your gold in your account, that is, not in real gold in your hand.

If you go out with your family to restaurant, shopping, movie or sightseeing, you have spent 1000 INR average. Try to avoid any one in a month and try to buy a gram, hope it is not costly to you and do not disturb this investment for 25 years.

Near future, gold plays a vital role across the world, as I have received lots of comments on my earlier post “Currency” that the global currency may be a gold!

Plan for your goal for gold now!

2 comments:

  1. Excellent article.

    This is an eye opener (article).

    Thanks and regards,
    Leslie V
    http://googlestepper.blogspot.com
    http://scrollnroll.blogspot.com

    ReplyDelete
  2. Leslie - Thanks for your feedback!

    ReplyDelete

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