If you do not want to invest in physical gold, jewelery, there is one more option for you. Gold ETF - Visit investmentbazar and read this article - Gold Exchange Traded Funds – Is it a good investment option?
Indian commoners - who have been described by Khushwant Singh as among the stupidest in the world - keep proving that as a group, they are the biggest suckers of all by spending their hard earned money for stocking up this utterly useless metal.
India has been the largest net importer of gold (by a gigantic margin) for over three decades now and countries such as South Africa (which is the biggest exporter to India) remain eternally grateful to the stupidity of common Indians ! Their own countrymen are least interested in the gold the south african gold miners produce, but why would they care if there is a gigantic pool of nauseating humanity in South Asia craving for it in increasing proportion each year ?
It is India and Indians alone that support the price of gold in the world. Take away India's demand, and world gold prices will dive to less than a third of it's current level (statement oft heard in the London Metal exchange as reported by the media).
The sight of millions of fat unattractive women and men crowding jewellery shops across India (with the set-in-granite belief that gold jewellery will somehow increase their attractiveness) is a gigantically comic spectacle !!
It is my personal opinion. The demand for gold is showing declining sign in international market. The household monthly budget of common man in India has increased by Rs. 1000/- compared to last year and it is increasing on account of rising prices. On avg. Rs. 10000/- which otherwise would have been a saving is going as expenditure. Of this 10000, 5000 would have been for gold investment.
Going by this trend, domestic demand will come down, pulling the gold prices. It will back to 2007 levels in one year
It is my personal opinion and I am not a financial analyst. I am not responsible for your investment decision
at the moment we can purchase on everyfall, based on our financial capability, remember as investment point of viewPLZ BUY ONLY 24 CARRAT, i mean coins or go for paper gold- ETF , definately it will give you assured returns, so some part of investment should be in commodities like GOLD, which is valuable for ever!
Increase in Gold demand had increased the price but ever wondered how come so much supply of Gold to meet demand thats because
The Gold currently availabe in any of store of India is not the natural gold that is extracted from Gold Mine but the Gold manufactured in Gold Factory through various chemical coposition and with help of some machinery.
These factor are illegally runned in India with help of some politician.
Re: Gold is now manufactured
by ananth prasad on Aug 05, 2010 11:13 AM
hi Randir, its really shocking , i dont think so, i am hearing is for the first time,, any way can u tell me source of information for u.