A few days back, the price for crude oil per barrel has reached every trader's worse nightmare, USD100 per barrel. In the increase of the price, normal expenses such as groceries, monthly electricity bills and others has also spiked up.
As it is, the inflation rate in Singapore has reached to almost a 5% inflation by the end of the year and I'm expecting it to rise further in the 2008 along with the increase of the oil prices which I'm predicting to reach to USD 130 per barrel by the end of Dec 2008.
So in this case, it's best I start buying gold coins and then sell it off during those 'peak' periods when I know the investment will surely reap in the bounty which I have heavily invested in. One of the best commodity to be investing at the moment, other than the crude oil like Russian D2, Mazut 100 and such well none will best the most precious metal in the world, 99.9% gold.
AKA Gold Bars or gold coin.. whichever form your prefer.
However without a perfect source to buy such items, the chances of you getting your pocket ripped out is very high. Therefore its best to approach only the liecensed and best dealers in town. One of them is morgan dollars.
It has great after purchase service apart from being a rare coin dealer. They also have a monthly subscription news to keep you update on the latest happenings of the best rare coins and the worth of each piece.
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Sunday, January 06, 2008
Good form of investment
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