Has any1 invested in gold quest?can i trust it?any experience?

Generally, gold is an hedge against inflation and hence instead of holding cash it is held in gold.

But currently the demand of gold is higher than the existing gold mines can produce. New investments in the mines has not taken place during the last two decades. This is the reason for the sudden spurt in the price during the last few years.

If you are looking for a investment period of 10 years you can buy phsyical gold or gold investment products (currently not available in India but UTI is expected to come out with one soon).

Good luck.

no, do not trust it.

Gold is usually purchased as a hedge against inflation but is really not an investment that is purchased for high growth potential. In other words, it is on the conservative side.

As to being safe, not really. This year in particular all metals have been experiencing violent price swings. While they have been mostly up, that fast movement indicates overall economic instablility (don't believe the republicans that want you to think our economy is good..it isn't).

Also historically investments that rise very fast, usually return to their mean (average). So.....I'm thinking that gold is pretty risky at this point in terms of risk of a drop in value.

As to being a total loss, not likely. That's where the safety element comes in. Gold is still highly valued and is not likely to plummet to zero (unlike a stock).

Still if the South Africans ever got angry and unleashed their gold stores, (or diamonds for that matter), gold would cease to be scarce and prices would plummet destroying much of the world's economy.

Pretty silly, basing our economic stability on a country that has rarely been stable in its own right.

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