Best way to invest in Gold - Advice required

comm4300

Well-Known Member
#1
Gold investment options for long term:

1. Gold ETF.
2. Gold MCX futures - will rolling over each month.
3. Physical Gold coins/bars.


Issues:
1. ETFs supposedly invest in physical gold. But, this looks shady. Esp Bank of nova scotia being the custodian for ETFs in India. There seems to be some leverage issues with the custodian. This was brought to my notice by some one in this forum itself.

2. MCX futures - this really is not an investment.

3. Physical Gold - when i went to buy Vedni from PNG pune, i was shocked to see the buffer margin they keep in their selling price vs. spot price. Huge difference (500-600) without vat and tax. And the Gold quality is 23.5karat only vs. 24k rate. similar story in most of the jewellers.

4. NSEL had this mechanism of delivery of gold bars and coins. not anymore.

Given the above issues/concerns, can someone please throw some light on investing in GOLD?

Many thanks.
 
#4
go to gold market and get physical gold bars best way to invest and provies return more then FD :xD and yes ther esi huge gap with rate in mcx and physical
safe is physical

in mcx u pay like margin Span don;t over trade else account goes bust :xD
 
#6
Last weekend still bring positive news for the precious metals markets. It was learned that the struggle against the Indian government over the country's jewelry industry, and for the first three weeks, the largest manufacturers of jewelry, gold bought a large batch of gold in the foreign market.

Rather, we should expect that India, as the largest consumer of the precious metal will be a significant growth driver for the price of gold and silver. If anyone was not aware, from the beginning of March in India began a nationwide strike throughout the jewelry industry of the country. And precious metals nobody bought. Now, however, should take into account the factor of pent-up demand when investing in precious metals.

But it's worth to be careful, because the authorities of India and jewelers did not come to a final resolution of the conflict, because officially the strike and was not over. It was only a preliminary agreement.

What has been achieved in the agreement between the government and jewelers not known for certain, but it is unlikely the country's leaders abandon the entered tax on the sale of gold, which is equal to 1 percent. This tax was nothing known until February 29, when it was announced about when advertising the country's budget for 2016.

After it was announced the introduction of a new tax on jewelers across the country swept the riots, and went on strike throughout the industry. If part of the jewelers returned to work, the strikers are likely to soften their demands to the authorities. It is believed that the tax will be introduced not now, but later. There are also rumors that all manufacturers that went on strike, do not fall under this new tax. But this is just a rumor.

But whatever there may be, all the news of the first purchases of gold by India - is good news. Prices for precious metals now have to grow quickly, especially given the recent news.

Now, investors should wait for the release of data on the import of precious metals India for the last quarter. And perhaps this news also will give an additional impetus to the rise in prices. Of course, do not dream of the price in 1400-1500 dollars per troy ounce, but that gold may return to the level of 1300 - it's real. Only this growth can again be short-lived.