Gold has been climbing the last 6 weeks reaching record high($1830) today while Stock Markets around the globe are shrinking losing their 2 years gain in just 3 weeks. The precious metal has become even more precious because the US credit rating downgrade has brought too much uncertainties in the global financial markets. It even be more precious because on the same period, several Central Banks withdrawn their US treasury investments to increase their Gold stocks not only because of the low interest rate but because they want to diversify their investment portfolio.
As I watch CNBC on CIGNAL, several financial analyst forecast reveal that Gold is still undervalued making it a more ideal way to invest but others are pessimistic citing that jewelry and industrial demands is declining and Gold Stock buildup of the World's Central Banks can't always sustain the precious metal's gains. This means that speculators and passive investors are driving if not artificially inflating the Gold price. I think from my point of view, the Gold has always been gaining since the 1900's and to make it's price fall down to its lowest level will be next to impossible.
Gold investing is still a good way to save money, it does not depreciates nor gets obsolete, it is as good as cash that earns interest but of course gadgets is way to make our life a lot more convenient and keep us occupied and entertained during the times when we feel low. They're absolutely different domains.
Update: After Gold Price has reached the historic $1917, it began to fall and the Gold Bubble has just burst and losing more than $200 in just 3 days. Financial analysts said the resistance level is at $1650, if this level is breached, it will go down further to $1510 and if this resistance level is breached again, the Gold Price will again fall down to $1150. Some other Analyst say the decline is just a mere technical correction and Gold Price will still reach $2000 level at year end and probably reach $2500 by end of 2012. If you might wonder where does the money goes after investors sell their gold, well, the Stock Market where else. Stock Market and Gold Prices are inverse correlated at this time while Gold and US Dollar are directly correlated because while Gold Price is declining, the US$ is getting weaker too. My mutual fund investments has been gaining steadily and I am glad and had no regret why I ever invested in it.
Showing posts with label CIGNAL. Show all posts
Showing posts with label CIGNAL. Show all posts
Thursday, August 18, 2011
Saturday, July 23, 2011
My LG 32LD330 and CIGNAL HD -- really so WOW!!!
I signed up for CIGNAL High Definition programming service. I have chosen the post paid plan because there were 9 high definition channels available. I signed up to justify that my LG 32LD330 is already outdated and it needs to be replaced with a bigger size 46" Devant 3D capable tv but upon seeing its performance, I think the picture quality is still at par with the best and therefore I decided to keep it for at least 1 year more. Watching high definition programs provided by CIGNAL can really glue me inside my apartment because the viewing experience that the LG 32LD330 is amazing!
Yesterday, I had a freaky experience, my Php 15000 18k gold necklace was almost stolen! Thank God, the necklace and the pendant did not fell, it cling on to my walking sports shorts when the thief supposedly should have just picked it from the ground where he had hooked my necklace from my neck to remove it from my neck and he expects it to fall on the ground. That technique is done in split seconds. Luckily it did not fell. I did not know that it fell not until I went out in my apartment short after I arrived to buy a bottle of mineral water. I touched my neck while paying to check my necklace if it still there and then I did not feel its presence, so I panicked. Losing Php 15000 in 1 day is such a huge amount of money already, good enough for me to survive 2 months already. So quickly, I went back to my apartment hoping that the necklace just fell on the floor, and yes, I found it just in front of my 32LD330 tv. But the sad thing is my necklace was damaged.
Probably if I did not changed my shirt before I left my apartment, I could have lost my gold necklace forever. I am so lucky, the thief failed and probably will not able to eat his dinner and could have died of hunger, well too bad for him.
Yesterday, I had a freaky experience, my Php 15000 18k gold necklace was almost stolen! Thank God, the necklace and the pendant did not fell, it cling on to my walking sports shorts when the thief supposedly should have just picked it from the ground where he had hooked my necklace from my neck to remove it from my neck and he expects it to fall on the ground. That technique is done in split seconds. Luckily it did not fell. I did not know that it fell not until I went out in my apartment short after I arrived to buy a bottle of mineral water. I touched my neck while paying to check my necklace if it still there and then I did not feel its presence, so I panicked. Losing Php 15000 in 1 day is such a huge amount of money already, good enough for me to survive 2 months already. So quickly, I went back to my apartment hoping that the necklace just fell on the floor, and yes, I found it just in front of my 32LD330 tv. But the sad thing is my necklace was damaged.
Probably if I did not changed my shirt before I left my apartment, I could have lost my gold necklace forever. I am so lucky, the thief failed and probably will not able to eat his dinner and could have died of hunger, well too bad for him.
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