Gold To Reach US$ 1000

Gold is going to reach the base price of US$ 1000/ounce where we can purchase it if the price stabilizes there. Other wise it's going for a big blow. Every country is afraid that the US$85 billion bond buying of US economy is coming to an end. Second thing, People had shifted their investment from metal to Stock market as it's just started moving in Dow Jones Industrial Average [DJIA]. European stock market too started moving up. Gold backed exchange traded funds too started selling the Gold in the market. Since February 2013, the exchange traded funds had sold more than 550 tonnes of Gold.

Indian Government too came up with the idea to curb Gold Imports and if anyone want to import, must advance the money to buy it. Before the Jewellery shops have to pay the amount after 6 months. Government of India had improved the import tax for Gold. Reserve Bank of India had told the rural banks to give advance loans on Gold, so from here Gold is not a near money now. Chinese stock market crashed and it's considered to be second best Gold buying market. Silver and Platinum also came down faster.

So, my dear investors, buy Gold at the price of US$ 1000/ounce and it will fetch you near US$3000/ounce in the mid of 2015. Silver will be bought at the lowest price which can fetch you a good return. Think of investment only,  not for trading, my dear friends.