George Soros: Gold No Longer Be Safe Investment

Indobusiness - Financial Investor and one of the richest men in the world, George Soros declared gold is no longer a safe investment tool (safe haven), because the price continues to fall.
"Gold is no longer a safe investment (safe haven), proved he was no longer safe.'s Because of the disappointment many people are holding gold. Yet today many central banks continue to buy gold, so I do not expect gold prices to continue falling. Gold currently very volatile day to day, is no longer a long-term investment, "said Soros was quoted as saying on the Business Insider, Wednesday (10/42013),
It is said Soros, gold is quite disappointing investors and can no longer be a safe investment because, while the value of the euro fell last year, gold turns followup fall.
As is known, during the period January to April 2013, the price of gold bullion Antam sold in Precious Metals down around Rp 37 thousand / gram. Currently gold becomes an investment option for people.
Data cited detikFinance of Precious Metals, at the beginning of this year the price of gold bullion Precious Metals fractions 1 gram of Rp 585 200. Yet today fell to Rp 548,200.
Here the price of gold bullion is sold by Precious Metals Antam today than in early 2013:

1. Fractions 1 gram Rp 548,200, Rp 585,200 at the beginning of 2013
2. Fractions 5 grams Rp 2,595,000, Rp 2.7765 million in early 2013
3. Fractions 10 grams Rp 5.14 million, from USD 5.512 million in early 2013
4. Fractions 25 grams Rp 12.775 million, from USD 13.705 million in early 2013

Precious Metals price of gold bullion is highly dependent on the international gold movements and also the value of the rupiah against the U.S. dollar.
Previously, Director of Mortgage Wasis Djuhar said, gold is still the choice of investment for the community, especially at this time when the price drops. Because almost every year the price of gold rose. "So it's time to buy," said Wasis.
According Wasis, immune to inflation means that the value of gold will not be eroded by inflation because the value of gold tend to be on top of inflation. He also said, more precisely gold stored for long-term investment. Moreover, it could be used to diversify investments such as deposits, property and shares.
"If we buy gold when the value drops then selling when gold rises, it could result we invest also to deposits, property or shares because the price of gold tends to rise steadily," said Soros interviewed by Hong Kong newspaper South China Morning Post that is.
However, investors also need to be vigilant if you want to invest in order not to be deceived. "But make no mistake selecting investment managers will be able to issue such scams. Likely to fake gold and investment managers (MI) that one is always there. Choose MI who had a good record," he said.