Sunday, May 30

Hold on to your gold.

If the finance condition of Greece did influence the bullion market, pulling the gold price down, the German issue put the gold back on its place. For small timers who buy gold coins irrespective of any major politico-economic setbacks, both the international crisis did not mean anything to them.

How can I say this?
Because, I too bought and sold gold coins on both the eventful days as if nothing has happened on the gold front.

The U.S. Gold Bureau, in its periodic web release has pointed out that the gold is holding on nicely when compared to oil and palladium, which belongs to the platinum metals group.

Even though India is the largest consumer of Gold and Silver, the Indian economy never bothered the world gold market. Some point to ponder-eh?
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