It was exactly a month earlier that I wrote about getting into gold, here is the link . What a month it has been , eveybody will agree that this has been the most tumultous time that we have seen. Many a financial giant has been brought down to their knees , a lot have buckled.
This week has been particularly nasty with 4-5 percantage moves in the dow becoming common. There are no safe havens , except yes…GOLD. As I watched the dow move up and down today and finally settle down 180 pts, the only comfort was gold going up.
The commentary I am following all suggests a very bullish trend for gold. People are lining up to buy gold , read here .
I don’t know what will happen going forward, whether this uptrend will continue, history has taught us again and again to be careful when everybody gets bullish and tries to get into the same thing. But I do feel that in the very near term this upside will continue and it is a good idea to put some of your money into gold. Please read my previous post on different ways to invest in gold.
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