Kindly advice me how to invest in gold. Is gold a.good investment ? Any advice would be greatly appreciated ...
U can have a portfolio of around 20% of your savings in gold. It is not very wise to buy gold jewellery with an idea of of investment on;y. If the purpose is pure investment in gold, u can go in for gold coins or biscuits. Please ensure u get it only from reputed hall marked jewellers so that there is guarantee on purity and u get full value for your investment in future. Gold of 24 carat (from reputed bank) bought around 10 yrs back has appreciated by value nearly 3 times. The same cannot be said of the future with the presentrate of gold. However, it is surely a very good investment for the long term. All the best.
Buy sovereign gold bonds. Read up on it here Reserve Bank of India - Frequently Asked Questions Check if your bank is issuing any.. it happens in tranche and with a set price per gms. You can buy them ..lock in period is 7/8 yrs And you do get interest on it.. the best part is you can gift it to A loved one by transferring units say 10gms.. You can part redeem in case of necessity..
The gold bond scheme is now open for subscription upto December 28th. U can read up the FAQ as suggested by Shanvy. Seems a good scheme, only lock in period is around 8 yrs. But actual increase in value will only happen over long term, so it seems a safe and good option for investment.
Over a long period of time say a decade - in the international market investment in silver reported higher returns as per article in The economic times India. 2. Invested in sovereign gold bar yielded less returns than silver in ten year period. When gold bought in other countries like Dubai or USA brought to India attracts duties that one to take into account to arrive at correct returns. 3. One may not know or forecast now the prevailing duties at the time say after a decade - when bars brought to India. Just for info. Thanks. Regards. Happy New Year to the querist and other respondents.
@joylokhi thanks for letting know about the date .. I will check it out .. @Thyagarajan interesting to kNow about silver vs gold .. I will read up more .. Happy new year to you and everyone !!