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?
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Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑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.