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Falling Re: Gold is the safest investment bet now


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Gaurav Kaushik
The Idiots Galore
by Gaurav Kaushik on May 27, 2012 02:19 AM

He is saying that gold is the safest bet in crisis around the world and against inflation remains .
He is perhaps, advising Indian investers. I think he is doing disservice to India. No wonder Indian currency is falling and govt is just thinking of FDI inflow or issue a new bond. It may only mask India's troubles. Unless, the citizens and govt start freeing capital from within India, this crisis of falling rupee will not change anything. Tax, Land, Labour reforms will create some hope. Redistribution of wealth needs to take place. How do you achieve it. Perhaps, by taxing excessively those who are using money to make money and not paying enough tax like salaried people. Govt should start selling the assets like banks, and other navratna. They need to audit NREGA, if it needs to be winded up in some areas or the whole scheme if there are no funds left to keep it running. Too much Indian money is already locked up in Gold, if it is freed then India will not need FDI for anything. Rupee will stablise and so will the market. The Govt should put some restrictions on Gold sales to individuals like licence as they have on acquiring a firearm. This expert has to think that even in last year international price of Gold has been up and down and not always up, so how it can be a hedge against inflation and unless someone is travelling abroad, a falliing rupee makes little difference as long you can make more money by investing in Indian companies, you do not need Gold hedging.

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kamlesh jain
G0LD CANNOT BE SAFT FOR LONG TERM
by kamlesh jain on May 19, 2012 10:21 AM

MY VIEW GOLD WILL TOUCH RS.22800 IN THIS YEAR.THERE IS MONEY SHORTAGE IN MARKET & EVERYBODY HAS GOLD ON THEIR HOLDING. FOR MARKET VIEW THE MONEY IN GOLD GETS BLOCKED & THE RESULT MONEY SHORTAGE . ALL COUNTRIES WILL HAVE TO SELL GOLD FOR THE MARKET TO GET STABLE. THE GOVERMENT WILL TAKE STEPS TO STOP THE INVESTMENT IN GOLD BARS & COINS.

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anand van
Gold safe..?????
by anand van on May 19, 2012 10:20 AM

Gold has had a long bull run and has been so because of huge black money investment in it from India.Gold import has created havoc for the rupee and government sooner or later hsa to come up with taxes to discourage imports of gold.

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rajni shah
Money Supply
by rajni shah on May 17, 2012 07:19 PM

all are print money, who will control and what was result ?

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KKG gangadharan
Gold is the safest investment bet now
by KKG gangadharan on May 17, 2012 06:53 PM

All banks in the countries are having plenty of gold but no money. So they are all ready to give high interest. Still it is not working. Also all finance institutions are having gold. But no money to give old or new customers. so they boost up or collect via share. So if you still believe like this. You can also have gold. But no money for daily expenses.So be careful These people are cheating. Lasr week so many people last money by investing gold. It was dropped more than Rs 100 per gram. This all giants stock the gold and want to sell like people to you...

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