Even though the price of gold is rising, everyone should allocate 10 to 15 percent of their investment to gold, says stock market expert sunil Subramanian. In an interview with the Economic Times, he shared various ideas related to investment. He has stated that we can never compare gold investment and stock market investment. He says that countries including china and japan have borrowed the largest amount of dollars in the world, so they buy more gold to reduce the value of the dollar. He has said that due to this, the value of the dollar decreases, and the value of gold increases. In India, the central bank, the Reserve Bank, is also buying more gold. He has pointed out that it has increased the contribution of gold in its reserves.
Meanwhile, the US is also likely to revalue its gold reserves to control its domestic financial deficit, he says, and if this happens, we could see various changes in the price of gold. According to me, everyone should always allocate 10 to 15 percent of their investment to gold. The price of gold is rising day by day. If the price is high now, it will increase many times more next year. So, he says, this is not the right time to buy gold. Various countries are abandoning their dollar reserves and buying gold and storing it in large quantities. Therefore, the price of gold will keep rising, and there is no right time to wait for it to fall, he suggests. Since gold is seen as an alternative asset for all types of investments, people should buy gold while they have money in their hands. The price of gold has peaked, we cannot make any predictions like whether it will go up or down after this, according to me, everyone should always allocate 10 to 15 percent of their investment to gold so that even if the price of gold goes up, you will not have to worry, he said.
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Sowmiya Sriram

05/05/2025 01:34 PM