So, where does the future for gold lie?
Remember, it has already surged by around 13% this year (in rupee terms). It must be noted that the turmoil in the global financial system has led to the central banks around the world flooding the market place with trillions of printed money, giving rise to concerns of hyperinflation. While inflation not raised its head just yet, it is only a matter of time and hence, we believe that gold may be one of the best bets around to nullify the effects of the same on your portfolio. And although gold prices have moved up sharply in the past few years, many experts (like Jim Rogers, as you will read below) are of the opinion that it may go significantly higher even from the current levels and hence, it may not be too late for one to enter. In fact, here is what Mr. Ajit Dayal, the Director and President of Quantum Asset Management Company as well as the founder of Equitymaster, has to say on gold, “Keep buying, it is a great hedge just in case the world stays in trouble – or inflation gathers
