Friday, February 12, 2010

When Is the Best Time To Buy Gold

Two months ago when the price of gold started to increase, I sold some of my gold to pay up hubby's business loan. The officer at the bank told me that I can always buy again just before the Chinese New Year because it is the trend every year that the price of gold will decrease just before Chinese New Year.

This will be the best time to buy gold bullion. Furthermore, I read the Gold exchange-traded funds (ETFs) will soon be hitting the Thailand stock market. They agreed last month to permit two different types of gold ETFs into the market. The two types will be: ETF feeder fund investing in an overseas gold fund and an ETF directly investing in gold bullion in the local market.