RBI does not allow banks to buy back because the banks are not a trading company but I suppose if lot of people were buying gold from banks they could always trade under a different entity like they do for the stock market trading.experience said:
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Right time to invest in gold?
- Thread starter experience
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D
Deleted member 7160
Considering you are planning to buy gold as an investment purpose, Why don't you buy E-Gold? Which you can always sell at the current market price. It removes the headaches of safety and charges (Considering you would be keeping the gold in bank locker).
There are lots of mutual fund companies which provides this such as Reliance
http://www.reliancemutual.com/OurSchemes/SchemeDetails.aspx?Id=367
There are lots of mutual fund companies which provides this such as Reliance
http://www.reliancemutual.com/OurSchemes/SchemeDetails.aspx?Id=367
D
Deleted member 7160
Yup!
17% average returns is nothing fanstastic...not good for trading either because the price does not move much
http://www.reliancemutual.com/RMFAdmin/UploadResources/Schemes/GD/FAQS%2019.03.2011(final).pdf
If you got lot of money the safest and highest yielding investment is real estate.
http://www.reliancemutual.com/RMFAdmin/UploadResources/Schemes/GD/FAQS%2019.03.2011(final).pdf
If you got lot of money the safest and highest yielding investment is real estate.
Buying from banks is the worst idea. they sell gold at the highest rate compared to the competitors due to various premiums they charge. approx they will charge you 5 % more than a jewellery shop (depends on bank to bank)
If you want to physically buy gold coins/bars reputed jewellery shops are the way to go. Insist on the 99.9/99.5 purity certificate on every purchase with a bill. this way you can sell to any other shop in future.
Gold ETF's are the best way to invest. no hassle of physically storing the gold. and it can be liquidated any time with a click of a button. you can buy from any AMC as the performance is linked to gold spot prices and differs only marginally due to the different expense ratios. buy from an Amc which charges the least expense ratio
Now E-gold is different to Gold ETF. [color=rgb(0,0,0);font-family:helvetica;]The main differences are:[/color]
1) Physical Delivery: Unlike ETFs where it provides appreciation over the value of gold,E-gold lets you take the physical delivery of the units if needed.
2) Tax Treatment:
E-gold units are subject to Long Term Capital Gains if held for a period of at least 3 years whereas for Gold ETFs the period is 1 year.
3)Separate Demat Acc:
Investing in E-gold requires a separate demat account to be opened with National Spot Exchange Limited (NSEL)
If you want to physically buy gold coins/bars reputed jewellery shops are the way to go. Insist on the 99.9/99.5 purity certificate on every purchase with a bill. this way you can sell to any other shop in future.
Gold ETF's are the best way to invest. no hassle of physically storing the gold. and it can be liquidated any time with a click of a button. you can buy from any AMC as the performance is linked to gold spot prices and differs only marginally due to the different expense ratios. buy from an Amc which charges the least expense ratio
Now E-gold is different to Gold ETF. [color=rgb(0,0,0);font-family:helvetica;]The main differences are:[/color]
1) Physical Delivery: Unlike ETFs where it provides appreciation over the value of gold,E-gold lets you take the physical delivery of the units if needed.
2) Tax Treatment:
E-gold units are subject to Long Term Capital Gains if held for a period of at least 3 years whereas for Gold ETFs the period is 1 year.
3)Separate Demat Acc:
Investing in E-gold requires a separate demat account to be opened with National Spot Exchange Limited (NSEL)
check out the gold charts of USA from 1980 to year 2010 The gold price was more than half of what was in 1980 after 20 years in year 2000.
it took 30 years to reach the 1980 price.
The price rise in india accelerated during that period only due to to rupee depreciation. if the rupee comes down to rs 45 now, gold prices will drop by 20 % more.
since last 12 years gold was in bull run and people forgot gold is only a hedge against inflation not an instrument for superior returns.
it took 30 years to reach the 1980 price.
The price rise in india accelerated during that period only due to to rupee depreciation. if the rupee comes down to rs 45 now, gold prices will drop by 20 % more.
since last 12 years gold was in bull run and people forgot gold is only a hedge against inflation not an instrument for superior returns.
