"I invest in Gold. Prices will never drop"
"Gold is a good investment because it is safe and gives good returns"
"It is silly to invest in anything else than Gold."
In light of the recent dramatic drop in the price of Gold, it may be useful for us to reflect on this common conception that Gold is a safe asset to hold.
Well, it does makes logical sense that since Gold is a commodity that is precious, it will always be in demand, always be valuable and thus prices should remain stable and constantly increasing. Gold is regarded as a good asset to own. People buy Gold bars to lock in their safes at home while it is good value to give gold jewellery at weddings and baby's one months. Not just because its shiny and beautiful but because it is believed that Gold prices will always appreciate and thus be a valuable present.
But did Gold prices drop?
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| Gold prices 11 - 17 April 2013 http://www.bullionvault.com/gold-price-chart.do |
Yes it did !
So let's remember that Gold is a risky asset, and some gold investments are riskier than others.
We can see this from the CPF investment limits as well:
There is a limit of investing up to 10% of investible savings in gold while
the stocks limit is 35% of investible savings.
Gold is more risky than stocks?
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