Thread: gold..

i have no idea about gold prices, it is valuable to sell gold this moment?

Originally Posted by vytautasss13

i have no idea about gold prices, it is valuable to sell gold this moment?

Gold is quoting around Rs.27500 now. You don't need to sell gold unless you need the money badly. It is a safe investment.
Regards

Selling Gold ornaments, even at the same shop from which
purchased , you will incur a loss of about 10% to 20%. Even after selling, better to invest in Gold units.
From April 1st Purity of all gold ornaments to be stamped or certified.
( HALL mark )
You are given the option to cash ,later date without much discount.
Say 30 grams equivalent market price is invested to day.
Daily the Rupee equivalent is quoted . ( LIKE N.A.V ) A small
charge say 1 % or 2 % is deducted by the fund when you encash it.

gold ornaments, as invstment options are never advisable.
For pure investment purpose, one should always prefer Gold Equity Traded Fund (Gold ETF).

Originally Posted by panchabhut

gold ornaments, as invstment options are never advisable.
For pure investment purpose, one should always prefer Gold Equity Traded Fund (Gold ETF).

I completely agree.

But the thrill of owning physical gold is very endearing.

Hi Everyone,
I want to invest into gold but I have to invest it to play for short time do you have any of the Ideas or strategies please share with me.

Go for one of the Gold ETF's which has low expense ratio. Quantum is a good one in my opinion. Dont buy too much gold though because to be honest you have really missed the bus. Gold might rally but it might not depending upon how good or bad the global economic conditions are but it would be safe to assume that it will still beat inflation so 10-15% of your portfolio I would imagine should be a good bet no more then that.

Gold is in peak now. But, it is difficult to predict its future. Don't sell it. Ther medium term would be down as my opinion. After five years it may come down to the low price. What we are seeing now is the Gold puble, it is not the real physical demand of Gold.