--> <$BlogRSDUrl$>

Thursday, November 20, 2008

If you are an investor, gold must be definitely included in your investment portfolios. It has been long known as an investment that is in line with inflation.

Besides, when you live in Indonesia and you are paid in rupiah, investing in gold proves to be more profitable. As an illustration, last month I bought gold when it’s price was eight hundred something per troy ounce, equivalent to Rp. 260.000,- per gram with the exchange rate of Rp. 9300,- per US$1. Today, with gold prices plunges to seven hundred something per troy ounce, I still get Rp. 280.000,- per gram because American dollar is stronger against rupiah.

It’s safer investing in gold because even if the price of gold goes down, dollar tends to gain against rupiah. Therefore, if suddenly we need money and must sell our gold, the price in rupiah will not be much affected.

I am encouraging you to include gold in your investment basket. However, we must always remember to diversify.

This page is powered by Blogger. Isn't yours?

..."I will never leave thee, nor forsake thee" (Hebrew 13:5)
 
  • Get Firefox!
     
    Bastian
                >