Financial Freedom

Is Gold Undervalued or Overvalued

Gold price had increase steadily start from 1955 with only $35 until current gold price with $1100 plus. The most important thing is gold price is forecast will break $2000 level in 2010. Recently, George Soros had bought large sum of gold through his managed fund. secondly, demand from China and India is gradually increasing as their nation economy increase by near double-digit annually. Thirdly, investor start to look for hedging against green note after the subprime crisis happened in 2007.

 


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Return On Gold Investment

Gold bullionI had opened a Gold Saving Passbook Account(GSPA) from Maybank on 17 March 2009. The economy was still not yet recovery form great depression more than half year ago. Investor was still panic in stock market. Thus, all investor flush to gold investing.

 


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