Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

Is it wise to invest in gold coins???? Want sound advice on this, please

Asked by Lion Heart, 26 Mar '09 02:39 pm
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (2)

 
1.

If it is from investment perspective, it is better to go in for Gold ETF. (Exchange Traded Fund). Saves you the hassles of security.
Answered by Anand Patil, 26 Mar '09 02:41 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
2.

Gold in any form has always been a favoured investment among people of every nationality, more so particularly in India where we are so enormously besotted by the yellow metal. Indians have always taken great pride in holding on to physical gold more as a show of wealth than as real investment, though it is the most handy thing that comes to your rescue when we are in dire needs of liquidity for whatever emergency that may arise.

Gold jewellery has its own disadvantages as a form of investment or otherwise. Whatever quanity we buy as jewellery, there is a 'making charge' that is added per gm of gold, which could be range from Rs. 80 to 150, depending on the intricacy of work. Then the purity can never be tested. It is a known fact that, when we go to certain people to buy, we do get cheated which we would never come to know till we have a need to sell it. Each shop has its own 'mark' which is put on the jewellery they make to identify it as their own. Now, if you want to sell it, m ...more
Answered by Omega, 27 Mar '09 07:49 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining

Related Answer

Q.
A

As uncertainties prevail and a revival expected only post second quarter of 2009, it will pay to focus on large cap companies with a proven track reco..more

Answered by antnkt