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Papli
Member since May 2012
114 commentaries - 4 followers		4 followers
has posted a comment on the article :
>Gold price rises again – its 11th consecutive year - Goldmoney - 
Indian currency is the only one other than the dollar in which gold has not given negative return over the eleven year cycle. While such a trend in dollar terms can be attributed to dollar being the world currency in which gold trades, in case of India it is faith in gold. As long as you have faith in the power of gold over the long run, you need not watch daily news or read analysis on gold trends. If you do that as a routine it will only dilute that faith- a negative portend.
Silver as is evident is gradually moving out of the second fiddle status to gold. Similar chart a decade from now may have a big surprise in store.
Though a new entrant into gold and silver investing my personal profits in both metals are higher than those shown in the charts in both the metals even over the short span of time. Need I say more about investing in precious metals.

Commented 4495 days ago
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Beginning of the headline :Gold has done it again. For the eleventh year in a row, the gold price rose in terms of US dollars. Gold’s rate of exchange to the US dollar climbed 10.2% in 2011, so an arithmetic average of its annual rate of appreciation for the last eleven years when measured in the world’s reserve currency is a truly remarkable 17... Read More
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