About 3-4 years ago I asked an investment consultant if it would be a good idea to invest in Gold. “No, not right” she told me and then gave me an explanation “The stock market has collapsed and gold is one of the few safe investment options available so the price of gold has gone up but it will surely come down. In a few months, if not weeks, the price will come down to Rs9000.” It's been four years and the price of gold has not got down even once and today it is at Rs28000. An investment made in gold at that time would have yielded 300% returns. If it was not for that investment consultant I would have been richer by a few grands today by investing in gold, but no point is cursing her. I am sure she was couldn't have foreseen this. These are the same investment consultant who couldn't see the stock market collapse and these are the same people who committed suicide over money lost.
Even today a lot of such people will advise you “The price is outrageous, do you think there is even the remotest of possibility that it can sustain this high a price. Don't buy gold or you will lose money… and if you want to invest money, I have a very good investment plan for you...”