Let’s say if next month gold falls from 86,000 to 75,000; would you panic to sell or rush to your nearest jewelleries shop and buy gold?
If you’re like most Indians, you’ll buy gold because it’s available at a discounted price, right?
But why is it that when Sensex falls from 86,000 to 75,000, most people get fear and panic sell rather than buying?
Doesn’t that makes stocks available at a cheaper price?
At 30-50% correction in stock there’s bloodbath on streets and everyone ques up to sell.
At 30-50% correction in gold price there would be bloodbath on streets because everyone runs and ques outside jeweller’s shop to ‘buy’.
If you’d buy gold but not stocks at cheaper prices it means you have not done proper research or you don’t have enough conviction and all you were doing was speculation not investing.
A sensible investor buys more when price is down.
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What are you waiting for? Gold price to fall to 75,000?
Well… All I can say is Sensex has ALREADY fallen to 75,000 and stocks are available at a discount!
