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Where to inject money in in 2012?
The year 2012 is believed to be one more difficult year of the national economy. Therefore, where to inject money in proves to be an inextricable question for many investors. Gold, real estate, stocks, dollars or dong deposits – all the investment channels remain open.
Gold always attractive?
While 2011 was a bad year for the real estate market, it was a lucky year for gold investors. The gold price jumped from 36 million dong per tael in late 2010 to 42.75 million dong per tael on December 31, 2011, a sharp increase of 16 percent.
As such, long term investors, who injected money in gold, could earn at least 6.75 million dong per tael, because the gold price once climbed to 48 million dong per tael.
Not only long term investors, but short term investors, also earned big money, because in 2011, there were a lot of “price waves.” Especially, it happened that the gold price increased by 2-3 million dong per tael just within 2-3 days.
However, since late 2011, the gold price increases have slowed down, while the market has seen the sharp falls. The gold price has lost 300 dollars per ounce from its highest peak.
It is the price fluctuation which makes a lot of investors, including the ones who earned big money with gold investment deals in 2011, also feel worried when choosing gold as the investment channel for 2012.
Nguyen Trung Anh, Deputy General Director of Vina Gold Company, said that it is very difficult to predict the gold prices right now. However, he said, when the domestic price is more expensive by 2.5 million dong per tael than the world’s price, one should not pour money into gold.
Anh thinks that the gold price in 2012 could only reach the peak of 2011, while it would not be able to climb further (more than 1900 dollars per ounce). He has also warned that since the State Bank has vowed to keep stricter control over the foreign currency and gold markets, gold would be less attractive as an investment channel. However, if the prices are good, investors still can buy gold for their long term investment plans.
The advantages of Vietnam dong
The stock market started the year 2012 in a pessimistic atmosphere. Though the stocks have become very cheap, investors still keep indifferent to stock investment opportunities.
Quach Manh Hao, Deputy General Director of Thang Long Securities Company, said that the market would still keep gloomy in the first half of 2012.
“Many people hoped that the stock prices would increase right from the beginning of the year. However, I think that if there are favorable conditions, the good news would come in the second half of the year,” Hao said, advising investors not to jump into the market right now, when businesses are still facing big difficulties, while the cash flow has not appeared.
However, he said that wise investors still can choose good shares right now, when the prices are low.
Meanwhile, people also do not put high hopes on the real estate market. Le Xuan Nghia, Deputy Chair of the National Finance Supervision Council, said that the real estate market would recover when commercial banks get healthier. The current bank restructuring process is concentrating on real estate. Therefore, people think that they would “bury” capital if they pour into the real estate market now.
It seems that dollar and dong prove to be the good choice, especially for those, who are afraid of venture investments.
“I think that dong remains the safest investment channel,” said Trung Anh. Meanwhile, Vo Tri Thanh, a well known economist, said that the dong interest rates will go down this year, but only from the second quarter. This means that at this moment, dong deposits remain the most effective way for making investment.
vietnamnet
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