Buy Gold / Silver in Singapore
Gold Price, SGD, October 2002 to October 2012
King World News is one of the more popular sites for 'gold bugs.' It is also quite controversial and has been accused of hyping up precious metals for the sake of commissions.
However, if you take a look at the analysts interviewed, they are people who know their stuff in the bullion market. Their timing may be off, and they constantly see gold and silver skyrocketing, but the long-run picture is right.
My attitude to reading about how gold is set to explode within the new few days or weeks is skepticism. Gold has had its shares of ups and downs, and has gone up a good deal in recent years, but it's difficult to pinpoint someone who could predict such rising and falling over an extended period. That is okay. Even analysts are not meant to be clairvoyant.
With such skepticism then, I am able to make more long-run-oriented decisions with my money. Even if some prediction doesn't pan out, the bottom line is bullishness for precious metals. I especially like the prospects here in Singapore, and wish more analysts covered Singapore specifically.
One thing's for sure. I'm not going with paper silver, whether in some ETF or futures contract. Besides, they're needlessly complicated. I like my bullion completely physical, like the products sold at BullionStar Singapore.
This is a huge challenge not only because there are going to be more people, but because we are so heavily dependent on oil to produce and distribute food. her response
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