Random Thoughts

I came across a very helpful article yesterday about investing in US gold coins. It is actually about Rakesh Ojha, a rookie investor, who is confused if he will investing in gold this year. This article focuses on gold coins and particularly for investors buy gold. I don't have that much knowledge in investment particularly gold coins but this article has given me a lot of feedback and a lot of things to do.

One particular question is, is it right to invest in US gold coins this year? Rakesh Bansal of SMC, an investment solutions & services firm based out of Delhi had a lot to say about this issue about investing in gold. He said that gold is the safest way to invest. He mentioned that stock market had crashed, property markets are about to crash but gold will not. The liquidity is also not an issue with gold. Meaning you can sell gold without any problems and it can be converted to cash anytime. Well for now, he said. But if the dollar will weaken, gold value will weaken too. So Mr. Bansal said that it is best to be sure and be aware that it might crash in the next six months considering the value of the Dollar.

He suggested a few things about this issue. Best to buy gold in banks. He believes that most banks offer gold bars in 5-gram and 10-gram gold bars. Wit this you can be assured of the good quality as well as the right quantity of the gold that you are purchasing. He also suggested that if you are not interested in buying gold, you can invest in a gold exchange traded fund. I have read that this product allows investors to buy and sell gold ETFs just like shares.

Bottomline here is that it is really up to you to decide. I realized that investing is really a risk. There is no right way to do and no right time. But I believe that it will help if you know what you are doing and what you are going to buy to lessen the high percentage of losing. And probably increase the percentage of earning.