Whay should i invest in ETF. If i am buying such a fund does that guarantee tht GOLD will be in INDIA. I do not think so. SO i hold a piece of paper which says i own some gold but in reality it is not even with INDIA. I would like to see assurances that ETF fund will buy gold and stire it in INDIA before we buy it.
Would like to state that investments in Gold Funds do not move in line with Gold prices. Convenience may exist, rather than buying physical gold, but the prices vary a great deal.
I had bought gold units on Akshay Trutiya Murath day at approx Rs 1890/- per unit, subsequently the unit prices went down to Rs 1775/- & later climbed to 1850/- odd. I admit that the Gold prices are high on muhurat days, however the flatuation would not have been so high had I bought physical gold.
Secondly I also wonder why should there by price differences in units of various Gold Funds. Marginal differences are okay due to varied administrative expenses, however the issue seems unconvincing. Can anyone help / enlight
Re: Rediff write responsibly...
by Anup on Aug 27, 2010 10:14 AM
Neither id driving linc or Voters ID is taken as Address proof... Rediff pls check facts....
