YourViews on buying silver jewellery.
My parents want to buy some silver jewellery, but I’ve told them it’s not a good time to buy and that we should wait for the price to fall.
What do you all think about this?
Price of gold and silver go up when there is uncertainty about global economy and business, and investors move their money to low risk investments like gold & silver.
As Trump will be in power in US for the next 3 years, and his tariff & trade wars will continue, global economic conditions are not going to improve anytime soon.
And so prices of gold & silver are not coming down anytime soon. So might as well buy them now, if you need them (for weddings / ceremonies etc.)
I agree with all your points.
Trump is trying to pressurize its opponent by putting tariffs on them. And that's why RBI & big investors are buying gold & silver in big amounts.
Now I got it, I'll tell them to buy it. Btw they are not buying it because of investing, they just want to buy it for a wedding. So if prices fail 10-20k then it won't impact them too much.
