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Q.

About 30% of the world's gold is available with India's household and banks!
Are we so crazy about gold n jewelry or it is considered to be a safe investment also ??

Tags: india, money, sports
Asked by Rose, 19 Apr '12 01:01 pm
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Answers (7)

 
1.

At one time 90% of the gold was with Bharat. The rest has been looted by Moslems and Europeans. Now just 30% remains. Many moslems, buddhist, and other countries were carved out of Bharat as no leader emerged from the country and invaders, colonialists were only interested in looting the wealth.
Answered by Rajma Rice, 19 Apr '12 01:10 pm

 
  
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2.

Yes
more of an investment
with larger populace now
Answered by anil garg, 13 Sep '12 01:49 am

 
  
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3.

We are so crazy about gold n jewellry
it is considered a safe investment and secured against inflation also.
Answered by bhanwar bothra, 19 Apr '12 01:16 pm

 
  
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4.

Hi, Gold is the metal whose value and cost never diminish, instead it is found increasing day by day.So can be considered a safe investment as it is easy to preserve also......!
Answered by Rachana, 19 Apr '12 01:10 pm

 
  
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5.

Safe and reliable investment and moreover in indian marriages especially in bengal and south india gold is must
Answered by loner, 19 Apr '12 01:07 pm

 
  
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6.

We are all fond of golf jewellery and also it is a SAFE investment to be used only in times of financial problems
Answered by rajan, 19 Apr '12 01:03 pm

 
  
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7.

Indian households don't buy gold as an investment. It is only the continuation of the craze that has been for millenniums for the yellow metal. In any case, gold is bought as jewellery and not as just pure gold. Buying gold as a jewellery and then treating it as an investment is foolish because if you look into the cost, you will find that 20% of the value that one pays for goes as making charges or other expenses. Thus, when you buy 10gm gold say at the prevailing price of say Rs. 28,000, you land up paying something like close to 34000. And in the case of the gold, nobody gives you the real value. First the making charges are a loss to you. Then, when you sell gold jewellery, it is always discounted from 4 to 6% on its value if you want cash payment for it and not exchange. Even for exchange, you get the value for the gold only at the same shop that you bought.

Thus if one has money to spare and really don't need that jewellery, then go for gold coins or biscuit which is a good i ...more
Answered by Omega, 19 Apr '12 09:47 pm

 
  
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