Thursday, August 13, 2009

Time to Buy Gold

. Thursday, August 13, 2009

Invest in anything based on "seasonal" patterns is not always wise, we can see in 2008 it's showed pretty clearly. But, August is traditionally an excellent time to buy gold. Gold has tracked its seasonal pattern very closely this year — it did well in the winter, sold off in early spring and rebounded in May.

It seasonality has historically provided excellent buying opportunities early in as demonstrated in the past eight years. Buy gold in August or 
the third quarter is a good idea.
Investors take advantage of any weakness in gold or silver prices over the next several weeks to buy equities. Remember, that gold demand usually picks up from September onwards as the wedding and festival season in India begins, and investors return from holidays and get back to work.

But, like the other instrument, gold market was totally lost in 2008. It was an anomaly. It happen when the credit crisis kicked in and gold fell along with everything else.

In terms of investing, prefer gold equities to the gold exchange-traded fund, pointing out that equities have historically outperformed the gold price in the second half of the year, and the fundamentals look good right now.


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