SGB
Which is the best gold purchase scheme ?
- 266
- 9
-
- Last Comment
Currently I'm investing in R.s brothers monthly scheme where there is is no making charges or Vat on purchase.
- Sort By
Depositing cash monthly to avoid wastage and making charges, doesn't help much in my opinion, unless you don't have the amount and have to save monthly for the purchase .
There is another kind of scheme, where you deposit gold for 11 months and after that. You can get an ornament made without those charges. Seems a bit better.
The best is SGB or Gold bar obviously, if it is investment only purpose. If jewellery is required, be prepared to lose atleast 20% value the moment you bought.
Neversaynever wrote:Depositing cash monthly to avoid wastage and making charges, doesn't help much in my opinion, unless you don't have the amount and have to save monthly for the purchase .
There is another kind of scheme, where you deposit gold for 11 months and after that. You can get an ornament made without those charges. Seems a bit better.
The best is SGB or Gold bar obviously, if it is investment only purpose. If jewellery is required, be prepared to lose atleast 20% value the moment you bought.
What's your view on gold etf or mf, which are more liquid but don't give interest like sgb
Neversaynever wrote:Depositing cash monthly to avoid wastage and making charges, doesn't help much in my opinion, unless you don't have the amount and have to save monthly for the purchase .
There is another kind of scheme, where you deposit gold for 11 months and after that. You can get an ornament made without those charges. Seems a bit better.
The best is SGB or Gold bar obviously, if it is investment only purpose. If jewellery is required, be prepared to lose atleast 20% value the moment you bought.
It's a scheme where you they deposit gold in ur account each month for that price, so few gms each month , at end of 11 months u can buy ornament with all that gold accumulated with out any charges except GST. didn't get ur point of llosing 20% value point?
btw my question is for best scheme to buy gold ornaments , I don't want to invest in gold.
ashketchup64468 wrote:I'm talking in resale(investment) point of view, jewellery is 22K and 3% GST, so if resold it will lose value. If you are keeping it as an ornament it's fine.It's a scheme where you they deposit gold in ur account each month for that price, so few gms each month , at end of 11 months u can buy ornament with all that gold accumulated with out any charges except GST. didn't get ur point of llosing 20% value point?
SGB
