Faith in Gold - Another big mistake

Inflation hit first, followed by recession, banks gone bankrupt, economic turmoil occurred and it seems that we haven't learn from the mistakes that made by the big 5 of United States. These banks lend loans like anything, thinking that the Real Estate price will reach beyond sky and they can make hefty profits. But the result was fatal. Similarly now is the time the banks are trusting more in Gold and offering loans on the same. Here is the graph that depicts the Gold prices in rupees last month.







Gold is always considered as safe futuristic investment but now banks are greedy to make profit and they are following the path of big 5 of United states. If it continues then at this economic condition then there will be less buyers of Gold as no liquidity can be seen in markets and markets at all time low and people instead of investing in Gold, they will keep the money for their livelihood. Henceforth Gold price will fall further. If you have sufficient money so that you can forget your investment for next few years then you can emerge as a millionaire, initiating investing in Gold now in few thousands.