Friday, October 22, 2010

Gold is Good in Uncertain Times

There is some uncertainty in the US economy with the Federal budget almost used up to spur the economy. In uncertain times like this, gold is the investment to keep compared to cash which can fluctuate in value. Besides, if you buy gold, it is a good hedge against inflation. The value of gold has been increasing steadily over the last 30 years or more. Moreover, it is expected to increase further and the price will go up in future. That is why, I opened a gold savings account (GIA) with Public Bank as a form of investment. The returns should be better than putting money in the bank for negligible returns per year. In a nutshell, gold is good in uncertain times.

1 comments:

Ken Wooi said...

yeap.. gold is nice too :P

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