this is wrong advise...gold prices has gone up as result of current deficit in major economies and as a shild against the erroson in value of money...the man who pridicated the price to go up to USD 1200 has said now that the prices will fall to USD 900....which is 25% drop. that too by end of 2010..TIME TO SELL GOLD......
rediff..pl publish news which are responsible enough
Re: WRONG ADVISE
by Zeng on Mar 11, 2010 12:22 PM
YOu are absolutely right. As a thumb rule, when such articles appear in media asking users to buy, it is actually the time to sell.
Same is true for stocks as well. When each and every one ask readers to buy showing historical data, just realise that it is the peak of a bubble and time to sell off.
Two years back, Rediff was full of articles showing that gold is a poor investment and fail to hedge against inflation. That was actually the time to buy!
Actually this is not the fault of Rediff - it is the way financial advisers work. Only thing they know is how to make money giving useless advices. I guess the stock market bubble last year taught us the lesson. Mutual funds were predicting 28,000 when sensex was at 20 and then when it reached 8000, they were sitting on 35% cash!
Re: most of the gold in Indian market is not pure
by Satheesh Kumar on Mar 11, 2010 11:52 AM
Whether not pure or poison... when it returns they give current rate of gold. so that is enough in business point of view.
Gold prices have gone up only because of china buy and stocking , till now china was not interested in these meteals, but last year it was the highest buyer and now alos , the cost of all procucts have gone up only because of china offering higher value to iron ore ,gold silver, if it does in furture then there is no stoppage of higer value side, it might go out of reach of middle class also
Buying gold is very easy where selling gold is not so easy. If you want to purchase more gold surrendering the old gold then it is ok, but if you want your money back by selling your gold then the shopkeeper will deduct 10-15% of the total price.
Then where is profit? Forget your profit, if your invested money comes back, you should feel happy and be secured.
Re: Do you know?
by Zeng on Mar 11, 2010 12:24 PM
Gold Ornaments are not for investment. Only buy 24 carat bars for investment. Otherwise you will end up loosing money.
Re: Do you know?
by bharat sinha on Mar 11, 2010 09:17 AM
Buy 22K or 24K gold bullion ie gold coins or bars what we Indians call biscuits. For re-selling them you can go to an authorised govt. recognised dealer. Lastly you can also invest in schemes in which the holding comp. buys gold at the market price and when you want your money back they give it to you based on the market rate of gold minus a small percentage.
The article says that the gold has given so much of return in the past so buy gold.
Gold price increased because USD and Euro had a hit and gold is considered to be an alternate avenue for investments. In future, gold price would increase but definitely not at the same level.
This country has gone to the NI baaniyaas! the first victory of the new world order. The birth of the a corporate nation where all the citizens are commodities. Soon they will implement UID to put a bar code on the head of each one of us in the guise of fiancial security.
Re: Now it is official! This country has gone to the NI baaniyaa
by ARNAB MUKHERJEE on Mar 11, 2010 05:28 AM
Their ultimate aim is to use up the resources of this planet and establishing space colonies for mining under "one govt". The artificially created financial crisis, carbon trading etc. are just ploys to crate future generations of working class who will be ready to work as space miners.
