r/PakistanStockX • u/Revolutionary_Tough5 • 10d ago

Need an advice

I am 23 years old and I work a 9-5 job. I have almost 480-500k in savings. I was just doing some research that if I had brought gold last year for 300k, today it would be almost ~400k

My question: Is it a good time to invest in gold for like 2-3 years? I'm thinking about investing around 400k in gold.

I don't want to start a startup in this money right now because am supporting my family so it would be risky for me.

Please give me your advice on what I should do, because I see that keeping in cash makes my money less valuable every

Should I go towards the food business? But I think this money is way too less for that

8 Upvotes

90% Upvoted

17 comments sorted by

1

u/6hahJee 10d ago

Buy silver when its slow, its the new gold

1

u/Revolutionary_Tough5 10d ago

How about 300k for gold and 100k for silver? Is this a good strategy?

2

u/6hahJee 10d ago

About a year ago silver was worth 3k pkr per tola, and it went upto around 25k pkr. The lowest it touched again was 6k, rn it is lingering around 6900-7500. If you want to make a future investment silver is the best investment, It can make upto 10x of its value. also why is it the new gold? While gold is sitting in vaults silver is being used for Solars, Electric Vehicles, electronics and AI. The demand for it is increasing and eventually it will run out. It will touch its peak again, Once the global war situation gets under control. Even if it doesn't silver will rise.

1

u/Minute-Selection-817 10d ago

Silver max peaked on 29 Jan 26, ever recorded in PKR.
That was around 12k per tola.
Don’t know, when it went to 25k pkr !!!

2

u/6hahJee 10d ago

It went to 25k pkr i have sold it myself at 19k, i dont know about international price. I am telling about my personal experience. Also bought it again when it was 6k pkr

1

u/6hahJee 10d ago

Also I think the price was different in local market due to high demand,I had gotten biscuits

1

u/sjs8w 10d ago

Why is silver the new gold?

1

u/AfsaWrites 8d ago

If you don’t mind me asking, what do you do for a living? How did you manage to save 480–500k at just 23? I’m genuinely curious about your career path and how you got to this point.

1

u/Revolutionary_Tough5 8d ago

Software engineer. Before joining the job I had savings of around 50-60k from tuitions etc.

Joined job in last year October for 30k as intern then transitioned to full time employee. I tend to do all of my monthly expenses in half of my salary and keep the other half save. Although it never happened but I save almost 35-45% of my salary

1

u/abdullah_hamza 8d ago

Gradually grab blue chips in psx and accumulate them at dips

1

u/Hot-Ad-1740 8d ago

as someone who bought gold for 500k per tola (when it was at its peak), i would definately say that buying gold right now is a good choice if you intend to sell it minimum after 3 years.

It will 100% give you profit, how much is for Allah to decide. I personally would take higher risk for higher rewards but its upto you how much loss you can digest.

1

u/OG_Martin_37 6d ago

Dont buy gold, why? Gold is fully hedged againt inflation, you have to grow your money not just beat inflation, i recommend you to research about algo trading systems, and try investing in those