Gold Prices 2013

The world went from using pebbles as monetary currency to precious metals and metal coins. As the world economy grew and it was no longer possible to carry the weight of heavy coins, precious metal backed paper currency were issued. The Great Depression of the 1930’s was instrumental in the removal of the gold standard and the world moved to unfettered paper currencies. Still gold retained a close relationship with fiat currencies though divorced earlier, any turbulence in the international economy or a threatened devaluation of a major currency and this precious metal would aggressively climb in prices. In the turbulent times we are living in, this is especially true.

Gold has seen a meteoric rise ever since the fall of the Lehman brothers and the start of the new great depression and things are only expected to get worse in the future with war looming in the middle east and the entire future of the Euro threatened. Only god can imagine the condition if both scenarios were to come alive later this year as many are expecting and the effects this will have on the international economy. If these both were to happen this year, the prices of precious metals will surely soar through the roof without any strong international currency in existence. Even a Rs.1,00,000 per 10 grams is not an unimaginable figure if this were to happen. How could the Indian government react to such a scenario? God knows if they have the intelligence to manage such a crisis among their top bureaucrats. However, visa Vis precious metals, buying would take a big time hit with silver jewellery, artificial jewels becoming more popular as this could potentially be the biggest depression ever to implode across recent human history. Investing in precious metals in these uncertain times surely could be beneficial to safeguard oneself against the coming crisis. Any other investment option be it stocks or real estate would not be able to stand the grunt of this depression and everything else would get devalued in many orders of magnitude.

However, in short term gold is already at an all-time high and for those who want to take an exit from their precious metal assets by selling their coins/bars/jewellery. You should go to a trusted source to invest/liquidate your jewellery so you get the best prices and hallmarked/certified jewels. We came across a jewellery retailer in Delhi called Ambica Jewellers who has launched a service called Jewels Capital to cater to people looking at investing or selling gold.