Bank fd vs Gold -which is a better investment right now
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i want to know which is a better investment right now an FD that will surely increase the amount by 7.3% per annum or investing in gold.
the problem is when buying gold i lose 20% upfront in gst,making charges etc.
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but when there won’t be any gold left the USD will inflate too much and the US govt will get the gold out of this countries one way or the other.
I should also note that last year Rhodium was being sold for like $800 an ounce.. 32gm’s I believe.. So was platinum and palladium.. Right now it is over $3000 and palladium is over $1500.. Gold plating shot the price of Rhodium up while palladium has uses for cold fusion and diesel catalytic converters.. 10 years ago platinum was over $2000 and palladium was $200.. Since they got Russia to sell their strategic stockpile of palladium.. Then the Russians ran out and price shot up as everyone started using it instead of platinum due to the decades long low prices..
Silver at $15 is an absolute steal.. India helped the british steal Chinese silver holdings in exchange for opium.. They been dumping Silver to lower the price ever since.. Unlike Gold, Silver has to be used for a lot of essential things especially in health.. Its an anti bacterial agent that kills bacteria.. No one buys silver to hold and they mine enough silver to cover what is used every year like Oil.. And prices are very very low.. Most mines are unprofitable as it costs $25 to mine it.. Sooner or later these would trade for market value which is like 15:1 or somewhere related to Gold.. means Silver should be trading at over $100 instead of $15.. Modern society would collapse without Silver..
Why you so sure that Gold/Silver will be relevant even in fast changing technological era where new elements can take place of Gold/Silver and then there can be sudden fall in value of Gold/Silver.
What’s your investment time frame and how much risk can you take?
oh this is not purely for investment.
i am a student who doesn’t make anything but my sister is buying gold for my parents as a gift but i do not see a point in it as no gold buy till now has been profitable for us.
so i was thinking a FD would be much better as my father understands that and not in mutual funds or any other things.
keep 10% of your portfolio in gold coins & bars
keep 2% of your portfolio in silver coins & bars
Physical Gold is very bad instrument for investment. If you really want to invest in Gold, invest in Sovereign Gold Bonds, they also give 2.5% interest. These are issued by most banks (HDFC, ICICI et. al.). More details below:
Beautiful suggestion. thank you.
FD rates were reduced in march and again in april new cuts expected from RBI
FD OR MF
I would have to disagree with this. Bonds will never give you the freedom the same way precious metals do while in their physical form. I got myself an SGB and I was hoping I didn’t.
Issued by RBI, interest paid semi annually, no making charges but the TENNURE. 5 Years onwards you’re eligible to redeem but it will mature in 8 years. What to do before that?
When Gold went to 33-34k per 10 Grams in FEB-MARCH, I could’ve liquidated my Gold bought anytime, it sure did cover the making charges and GST. What will the SGB give you 2.5 % pa.
SGB are tradeable in secondary market.
If there is no function or such which requires gold ornaments then buy gold bars and keep them in a locker until you want to make ornaments out of them or want to sell them at market price sometime later. Gold is the best bet in the market.
Also, never ever buy diamonds. They are worthless compared to their price and is controlled by a mafia worldwide.
Yeah go for bar and liquidate whenever price rise.
I only believe in gifting gold.
Gift me bro 
How viable to keep physical gold safe for long time, As there will be more threat of theft and even for life if anyone got to know that the particular person has gold worth 10/20/50 lac.
@alienteck
@G-Gowda
digital gold
Oh Russia deactivated their nuclear interceptor missiles around Moscow so we should be safe for now.. US has nuclear interceptor missiles in north Dakota to protect their ICBM’s.. So you can imagine who values what.. Each country is allowed to use nuclear warheads on their interceptor missiles at one area only.. Russia had 10KT warheads on a battalion of surface to air interceptor missiles around Moscow.. But it now makes sense why the Police stopped me after taking pictures of some farms in the area.. I had no idea those barns were hiding nuclear missiles..
Where is @alienteck he will be very happy right now with the gold and silver prices
Looks like buying gold was indeed a good decision afterall. Exactly a year ago the price was 32k.
Gold is very good option even in current day scenario also.
Govt has announced gold bonds which seems very reasonable.
Bonds to phir bhi theek hai… agar physical gold khreeda to hur saal do saal baad aur paisa kharcha padega aur tera_jija bhi dekhta reh jayega… haath kuchh nahi aayega… 
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By the time you know Gold is a good investment your FD would be worthless..
Its better to use the same amount of money every month and buy some gold.. Sometimes price would be higher and sometimes lower averaging it out. Right now gold is being sold for cost. Many are even selling it for below cost. While $$$ costs like 10 cents to print a $100 note..
What do you think is more valuable??
China and Russia seems to think Gold will be valuable and both have rules against any exports.. They buy as much Gold as domestic production allows.. Since buying in open markets affect prices and would push it up.. So you are actually buying Gold at far below current rates.. $$$ is only valuable since all corrupt money is held in it as cash.. Something like $2 TRILLION in notes floating outside the US.. You cant buy enough Gold for that.. And their prices are inversely correlated..
Since US has a military to enforce people accept $$$ instead of Gold.. What I am also saying is, by the time you realize you must buy some Gold, there wont be any to buy.. Indians hold over 20,000 tons of Gold.. The worlds largest holding next to China’s 12000 tons and US 7000 tons which no one has seen in over 50 years..