What is Our View on GOLD NOW?

December 5, 15

What is our VIEW on GOLD NOW?

Greetings from Hitesh! Experts are back with their comments on GOLD / USA rate hike and things like that. If you listen to them all – I am 100% sure – you will not be able to take a call on anything. As such the most normal guys take lot of time in decision-making. Let me deal with GOLD today.

Our latest GOLD Call:-

After a break of 3 years – we had given a bold call to buy GOLD on 15^th March 2015 – in our post titled “Praise Lord - We are Proved 100% Correct in Gold AGAIN, Should You Buy Now?”

Our regular readers are aware about our track record of going 100% correct in GOLD/Silver since 2006!! (We started predicating about GOLD /SILVER in 2006 only).

We had categorically said on 15^th March 2015 –

“What is our call NOW?

Gold prices have come down from around USD1900 in 2013 to USD 1150 per ounce now, fall of around USD 750 in last 2 years. GOLD price of USD 1150 per ounce is near to the manufacturing cost of the mines world over. In fact, one leading mine has already decided to stop the production of GOLD.

We feel down side from here is not more that 10% to 15% in the worst case scenario and upside from here is more than 50% to 100% in the long term. We have already asked our clients to accumulate gold in small lots at regular interval.”

What Happened After Our Call?

Gold prices moved from USD 1150 in March, 2015 to around USD 1220 in May, 2015. Since then it has fallen in dollar terms to USD 1057 per ounce before recovering to USD 1086 per ounce as per Bulliondesk.com spot prices as on Friday 4^th Dec.,2015.

If you work out Indian Prices it comes to Rs.73000 per 31.10 grams without TAX. Add 10
% tax + 1% vat + 2% retailers margin – you get approximate price of Rs.26500 for 10 grams of gold of  .995 variety for retail clients.

If you look at current Indian prices with March  - it is at the same level. If you have been investing regular as per our advice – your average would be around Rs.25800 to Rs.26500 only.

Thanks to USD rate upward movement from Rs.63 to Rs.67 now – you are not feeling the pinch of downward prices in India. We have always told you about this.

For NRIs we had given that in the worst-case scenario – prices may go down by 10% to 15% - i.e. USD 1035 to USD 977. Our Mantra is go on adding REGULARLY!!

What MAKES us to remind you about GOLD at this JUNCTURE?

We had already predicated war in March 2014, followed by detailed call in June 2014. The same thing is happening around world at this juncture. We always tell you way ahead then the event takes place. If you want to make money – you must follow our advice.

We see war like situations getting WORSE in 2016, particularly from FEBRUARY 2016 to SEPTEMBER 2016. We will see heavy WAR during this time.

Lower interest rates by all major countries of the world and money printing by most will reduce the effective value of your CASH. Gold prices will move up under such scenario. We are giving you this call without any IFs and BUT, unlike your experts.

What we said about 2016 in our DIWALI post?

We have already given our 2016 call on 5^th November,2015. Just read if you have missed the same. This is what we had said…….

“We will see WAR / WAR LIKE situations / Financial chaos particularly in USA and CHINA / Huge Volatility in prices / Many bad news coming simultaneously.

BUT this will not affect Indian Market as negatively as perceived by your so called experts!! 

In fact, we will have good rain fall / demand led by rural communities/ demand supported by personal loans / drastic financial measures by Finance Ministry in coming budget/ Pick up in Economic Growth led by DEMAND SIDE PUSH / Coming out of hidden money in market – all will lead to over all TEJI in INDIAN MARKET!!

There will be an overall optimism in the market. You will see GOLD moving to new high in 2016. We had given a bold call to buy gold in March 2015 – our clients are buying every month in small lots – they all will bless us in 2016.

We have also spotted some of the sectors, which will move in 2016!! We will share the same with our paid clients only.

What Next?

Our call on Shares / Gold and Property are going 100% correct!! If you want to make tons of money in 2016, I suggest you join us.

If you want us to know how would be your 2016 based on your HOROSCOPE or birthdate – you can contact us. It’s free for our clients. Non client’s can have it at nominal fees.

We are open for yearly subscription for 2016. You can also take a trial of 3 months if you wish.

Your decisions today will decide your destiny in 2016. So, make correct and timely decision to join us NOW.

Wish You ALL A HAPPY WEEKEND.

Follow me on Twitter @hiteshmparikh or on Whatsapp - +91-9869425399.

Our blog sites are – http://bestofhiteshparikh.blogspot.in and http://createwealthwithhiteshparikh.blogspot.in.

Live With Passion…Invest With Passion.

Hitesh Parikh.