Guess what, everyone is talking about gold investment now. The old folks are talking about to buy gold for keeping, the businessman is talking about gold investment, aunties and uncles are talking about invest into gold account from banks, and even some people are working on gold investment direct sales. It exists if you just name it!
Gold investment became a hot topic recently, just because the demand is very high, it's price has growing from US$680+ to US$1200+ within 14 months. The return is about 70%+. Well, I was thinking of invest a little bit on gold when it was about US$900+. Unfortunately, I cannot do it online via local bank like stock and I'm just lazy to go to bank to do such transaction, I missed the golden opportunity to have some pretty return in such a short run.
Now you should understand why Brunei Sultan used gold to build His mosque, palace & toilet?
So, what is the outlook for gold price now? So far it is sitting safely on the top of US$1,200, and all analysts foreseeing it will continue to climb up to US$2,000-3,000 within 1 to 2 years time. From my technical analysis point of view, I believe it is positive. The strong resistant point of US$1,000 already became strong support point for now. From my fundamental analysis point of view, the demand is far exceeding the supply in long run, and it is like oil, they are mineral and they will be finished one day, unless people discovered something new and give up on them.
In summary, according to the past history analysis, I believe it is worth to invest in gold for long run, even it is at US$1,200 level. If you have excess money, it's good to diversify your investment and part some funds into gold.
Happy investing.
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