We all agree that gold is at a very high rate, however when we see it with respect to gold prevailing at $400 per ounce in 1980 considering the increase in global monetary base and the US money printing. Thus gold is still available at reasonable valuation and thus it makes sense to invest in gold at every available opportunity as a systematic plan.t
Gold is in an upbeat mood by virtue of global scenario and rising inflation and once gold crosses past Rs 30000 level per 10 gram, than it will definitely touch Rs 40,000 level seeing the demand in India due to festival season and growing demand every year. I have a reason. I have been writing every month that people should accumulate gold. Yes, there is more room for gold to appreciate further. Most people do not own gold. Most people think that the gold prices are very high. Today, the gold price is cheaper than in 1980s when it was around $400 an ounce.
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