Right time to invest in gold?

[experience]

if yes, then is it ok if I buy from my bank directly? any pros/cons of buying from bank rather than from shop?
Regards

 

[Kunal Roy]

if yes, then is it ok if I buy from my bank directly? any pros/cons of buying from bank rather than from shop?
Regards

If I'm correct, gold bought from a bank cannot be resold.

 

[experience]

If I'm correct, gold bought from a bank cannot be resold.

:numbness: ye kya baat kardi.

 

[Kunal Roy]

:numbness: ye kya baat kardi.

Lol.
I could be wrong.

 

[Sushubh]

Assuming you just want to trade, I guess banks are the way to go? You cannot trade gold purchased from shops?
I do believe banks sell gold bars. Like real gold bars that can be purchased like you would in a shop.
Trading in commodities is sort of different where you buy stuff virtually?

 

[experience]

Like I'll buy at the current rate now and sell after a year.
What are the pros/cons of buying from bank/shop?

 

[Sushubh]

Well. This is where you are probably going to miss toocool. I am not sure we have any traders left on the forum.

 

[genie]

RBI does not allow banks to buy back the gold so you have to sell to jewelers and goldsmiths at the price they agree to....or con some relatives/friends to buy it.

 

[experience]

RBI does not allow banks to buy back the gold so you have to sell to jewelers and goldsmiths at the price they agree to....or con some relatives/friends to buy it.

Oh, so I guess they wont buy gold bars @ current (after 1 year) market price?

Well. This is where you are probably going to miss toocool. I am not sure we have any traders left on the forum.

I hate you for banning him :sarcastic:

 

[Sushubh]

well he has/had the option to come back with a new id. or just tell me to reactivate his account. it's not like i am offended or anything like that. i just want him to stop being annoying like i am some big brother.