Saturday, May 1, 2010

What is really troubling is that the PHP/USD exchange rate has been consistently changing in favor of the PHP. If this is the case, why does the price of gasoline keeps on going up? Where is the logic? As my economist nephew said, "it's just not worth it to keep your money in the bank as it's better to invest it by buying stocks."

I think a better way to invest nowadays is to buy gold instead of stocks. The price of gold has been steadily going up ever since the US economy took a turn for the worst more than a year ago. Gold has a history of moving contrary to USD. Now is a good time to invest in gold as it is a safer investment and retains its value even when economic and political situations are unstable.

That being said, there is speculation that China will be in great demand for gold in the next ten years which could translate to a boom in gold prices. Hmm... I wonder where I can buy gold bars?
Reactions:
Posted by desperateblogger On 5/01/2010 04:54:00 PM 1 comment

1 comment:

  1. I havent invested in gold myself but I know you can get them from various sources: jewelry shops selling authentic gold jewelries, bank, online.

    And regarding PHP exchange- PHP is really getting stronger. maybe why more and more filipinos are taking trips and tours abroad.

    My regards,
    Kristine from
    The Salad Bowl Mommy

    ReplyDelete

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