Just last week I read in the news that gold is by far one of the best precious metal we should look at now. A bank’s manager in Singapore was quoted saying that the value of gold is less dependent on the economic outlook and growth of a particular country or company so it is seen as a good asset to hold because of its low correlation to assets such as equities and commodities.
Over the weekend when we were shopping in the mall, we saw some jewelery shops started selling big pieces of gold bars and gold bullions. Therefore, I can see the trend of buying gold in this fashion since it is easier to trade than the regular gold jewelery.
We are considering if we should jump in the bandwagon and buy gold instead of invest in other stuff. At least, gold prices always get better!