SP Tulsian recommends buying Gold at whatever price, believes in Bappi Lahiri magic
Leading market expert and stock analyst SP Tulsian recommended buying gold at whatever price it is available.
"I have studied earlier pattern in the gold prices. I found that whenever gold prices tumble sharply an ace investor Bappi Lahiri buys tons of gold just to add to his jewellery," said Tulsian supporting his argument.
He said Bappi Lahiri who is famous for his investment in gold uses opportunity of falling gold prices for re-entry.
"He was the stabilising factor last time in the gold crash. His investment pattern similar like LIC, which supports equity markets by buying equities at the time of crash. Same way Bappi Lahiri also buys tons of gold from several central banks in the world when the prices tumble," said SP Tulsian.
He also said that whenever Lahiri magic works out, the gold prices become double in a year or two.
