i have invested 30000 in Bajaj Allianz Century PlusIII plan from past 2 years.Now i dont see any prospective returns by investing in this Ulip policy. please advise whether it is good to continue this policy or quit now? hope you answer this.
Sir if i buy a gold coin for 12000 today from a jewelery shop and with in 10 days the gold rate increase by 1000,that is 13000.If i sell the coin again to the jewelery shop will they pay me 13000.
Sir i am a new investor.i am confused about the options available for investment, i read about the gold investment option on the page , and i aslo read about the sip that you suggested to invest in. however, i am looking at short term as well as long term investments.in terms of short term investments which would be a better option to invest in gold, mutual fund, stocks?
Is it good to invest in gold,if so how to invest?As i want to invest it for the first time i don't know the procedure.pls help me giving some necessary information about it.Can we invest gold in SIP?Minimum how much to invest n for how many months.What are the scheme names for gold investment?Risk factor?About profit...I want all these information.Sir,pls help me answering my above questions.
i have invested 111000 in birla sun life flexi benefit plan for the past 3 years.Now i dont see any prospective returns by investing in this Ulip policy. please advise whether it is good to continue this policy or quit now? hope you answer this.
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RE:investment in gold
by Phul Jain on Aug 08, 2008 08:06 PM Permalink
the banks will buy back these gold coins ... for coins specifically, buy only certified ones ..... personally, i beleive ETF's in stock markets are better options since who wants to take the of storing the coins in bank lockers and safe's .... take ur pick ...all are good options sir
RE:investment in gold
by Ramakoteswara T on Aug 09, 2008 12:04 AM Permalink
Did you check with any bank? They say "We sell" and "We dont buy back from customers"...you have to sell it to outside jewellery shops. Read some article on 'equitymaster.com' on why buying gold coins from banks is a utter waste from price perspective. Insted you can buy similar coins from a 'Noted Jeweller' in city who will give Gold council certificate also and you can exchange at similar places when the rate is high.
RE:investment in gold
by Roshan on Aug 09, 2008 06:47 AM Permalink
Bank charge high premiums and only Sell. They don't buy back. You have to sell it to Jewellers and will get less money unless the Gold rate is up by 20% from your purchase price.
RE:investment in gold
by sash nair on Aug 17, 2008 08:28 PM Permalink
If u are looking to buy gold for invst purpose its always better to buy it in demat form thru etf's. buying gold in physical form thru coins and bar attract VAT or sales tax. So u end up paying around 12% higher on the prevailing gold prices.