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Q.

Some persons advertising Gold can be bought 2K now we can cash the same at market price after 3 - 5 years, Is it genuine one or bogus ? Shall we rely the same?

Tags: money, relationships, careers
Asked by vijayasundarr vijayasundarr, 10 Feb 08:42 pm
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Answers (3)

1.

These days you can not leave your hard earned money with any private company even if it has AAA rating. Also think about two extreme situations, what will you do if you pay 1lakh upfront and the gold rate is only 1500 per gram ? Similarly, what will happen if the gold touches Rs.5000 per gram, do you expect them to fulfill the commitment ? Better thing is to invest the amount in FD for 5 years and buy gold at the time of maturity if required.
Source: http://www.readymoney4u.info
Answered by Roshan, 11 Feb 07:34 pm

 
  
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2.

Unless you know gold business, inside out, it is advisable not to touch it.
All glittering metals are not gold.
Answered by Prakash Chandra, 10 Feb 09:06 pm

 
  
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3.

Depends what you mean by "Bogus." These reasons are not bogus in the sense that they are utterly untrue. These things do have an impact on the market to some degree. In that sense they are not bogus. However, if you are asking if they're bogus as an excuse why gas is $four instead of $one, I would have to answer yes, the claim is bogus.',

The real reason gas prices are high is very simple, and one most Indians do not want to hear. It goes back to the most basic law of economics, the law of supply and demand. This is a simple mathematical equation that says that the value of any product is equal to the available supply divided by the demand. For the price of gas to become cheaper, at least one thing needs to happen: greatly increase the supply or decrease the demand.

Most know that fossil fuels are in limited supply, taking millions of years to come into existence. When this substance is completely used up, it will not be replaced in any practical sense. When diesel was fi ...more
Answered by Karan, 10 Feb 08:42 pm

 
  
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