Bank fd vs Gold -which is a better investment r...

Bank fd vs Gold -which is a better investment right now

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Deal Cadet
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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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18 Dimers
15359988
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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..

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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..

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Deal Subedar
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What’s your investment time frame and how much risk can you take?

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Deal Cadet
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keep 10% of your portfolio in gold coins & bars
keep 2% of your portfolio in silver coins & bars

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Deal Cadet
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sardasa wrote:

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.

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Deal Subedar
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tank_u_m8 wrote:

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.

How much Gold would she be buying for her parents mate?
This is emotional thing. You shouldn’t see it from investment point of view.
Ask your sister to buy a gold chain for both your mom & dad. If she still got more money then ask her to buy a finger and ear rings for your mom..

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Deal Cadet
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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:

https://m.rbi.org.in/Scripts/FAQView.aspx?...09

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Deal Cadet
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sardasa wrote:

How much Gold would she be buying for her parents mate?
This is emotional thing. You shouldn’t see it from investment point of view.
Ask your sister to buy a gold chain for both your mom & dad. If she still got more money then ask her to buy a finger and ear rings for your mom..

she would be buying gold of around 1.5 lac, but this is not emotional. everyone in my family thinks of gold as investment i wouldn’t mind that even if they were buying 24carat coins in which we loose very less upfront but inn 22carat ornaments we loose too much which what she would be buying.

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Deal Subedar
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tank_u_m8 wrote:

she would be buying gold of around 1.5 lac, but this is not emotional. everyone in my family thinks of gold as investment and so does she i wouldn’t mind that even if they were buying 24carat coins in which we loose very less upfront but they buy 22carat ornaments and think of them as investment for future.
the concept of investment is very vague in my family, the only argument i keep hearing is you can wear gold and you can sell it in emergency times.

I myself have the same argument with my wife and after few minutes I rest my case and let her buy whatever she wants.

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Deal Cadet
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alienteck wrote:

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..

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.

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Deal Lieutenant
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FD rates were reduced in march and again in april new cuts expected from RBI

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tank_u_m8 wrote:

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.

Will you part with your Gold?

It wont work that way, they will have a SDF backed by gold. Even in 2008 you could see the effect before everything got taken over by the computer.

You could put it in the stock market since that will also go up when currency devalues but you have to know which companies will be around. Or real estate.. Bank accounts are not safe. I would spread the wealth around. The really wealthy own the stock markets and those who got wealthy made that from real estate market. But you need experience with both. I know some who made a lot of money in the Chennai real estate market that no one wanted 2 decades ago but now worth 100 times as much. Can you imagine buying some land for like 10 lakhs because you did not trust the banks fully and ending up with 10 core by the time your kids reached collage..

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tank_u_m8 wrote:

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.

I remember buying some gold purely for amusement for under rs500/gm when I visited on vacation.. Until 2000 and 2008 I thought Gold was worthless but its like 3500 now.. Then seeing how silver is used in food and such I thought it was worthless under $1 as well since people eat it and wear it in their underwear.. Remember it hit $50 in a decade time frame from under $1 before sticking on around $15..

I suppose you have to look at the start and end points.. You can buy ETF now like paytm Gold etc.. But people fail to understand that banks are the least safe of any where to store your money. If the government ever runs short that’s the first place they will raid. And it is the place where the vast majority of people put their money.

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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.

Kgf
Deal Subedar
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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.

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Deal Cadet
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G-Gowda wrote:

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.

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I only believe in gifting gold.

Kgf
Deal Subedar
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Superbdeal wrote:

I only believe in gifting gold.

Gift me bro hushed

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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

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Dev-m wrote:

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

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alienteck wrote:

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.

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Dev-m wrote:

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

Yeep it in a bank safety deposit box.. But I heard the government if they find out you have gold they can open it and take it. No way to hide large quantities..But for us it should be okay.. Russian government and Chinese Governments do not allow any gold mined in their countries for export.. Russia itself brought 42% of gold bought by all other countries in 2018.. China also buys large quantities.. UAE tried to buy 100 tons of it and the UK refused to sell it to them. Germany tried to get its gold back from safe keeping in the US and got laughed at.. US is now going to sell Venezuela’s gold held for safe keeping I the US.

Gold is not valuable.. But a lot of people with nuclear weapons seem to be very interested in it.

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Dev-m wrote:

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.

Silver can not be replaced by anything.. Gold also can not be replaced but like they replace copper with aluminum, it don’t work out so well.. But with a price difference of 5 times.. they try.. They just found HeH+ with which they can create anything.. So you can see artificial Gold at rs5000000 per gram being sold as luxury items..

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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..

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varunkumarracer wrote:

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.

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alienteck wrote:

Yeep it in a bank safety deposit box.. But I heard the government if they find out you have gold they can open it and take it. No way to hide large quantities..But for us it should be okay.. Russian government and Chinese Governments do not allow any gold mined in their countries for export.. Russia itself brought 42% of gold bought by all other countries in 2018.. China also buys large quantities.. UAE tried to buy 100 tons of it and the UK refused to sell it to them. Germany tried to get its gold back from safe keeping in the US and got laughed at.. US is now going to sell Venezuela’s gold held for safe keeping I the US.

Gold is not valuable.. But a lot of people with nuclear weapons seem to be very interested in it.

If everyone is buying this much qtty then why gold prices still hovering around 30-35K. Why not Gold price shoot up above 40K/50K confused

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Dev-m wrote:

If everyone is buying this much qtty then why gold prices still hovering around 30-35K. Why not Gold price shoot up above 40K/50K confused

Because India imports 25% of the gold around 18k tonnes of gold every year. It is the main instrument to control Indias gold reserves. At times of any inflation, economic crisis or if India is low on foreign reserves, India can use its gold reserves for a bail out package instead of depreciating our rupee. The gold that we import is not used just for household consumption but for gold reserves too. USAs national debt is around 22trillion$. If there is any crisis, america can use its fort knox.
Gold is the main commodity, the big father. We can use it to purchase anything we need and every superpower has a huge stockpile of gold. Forex is illegal in India. You cannot use it to trade. Also, gold prices are not determined by Indian government but by international market from the base price and varies on dollar to rupee value.

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Dev-m wrote:

If everyone is buying this much qtty then why gold prices still hovering around 30-35K. Why not Gold price shoot up above 40K/50K confused

Gold prices are directly related to the value of the US$.. If Gold is shooting up, that means the US$ is shooting down..

What is really interesting since 2000 is, Gold did shoot up.. Then it crashed.. and then it settled around $1000 an ounce.. The US$ is showing strength and hovering around 100 to other currencies.. Gold is not going up but prices in US$ of everything have sky rocketed.. Except Oil prices which went from 30 to 150 back to 50 and staying there, it is still there.. Gold from 200 to 2000 and now around 1300.. But look at this.. your property taxes have gone up 200-300% so have salaries and prices of almost everything including education and insurance etc etc etc all going up 25-100% every year.. While inflation is 2%..

Someone is trying very very hard to hide the value of Gold… The Saudi’s are keeping price of Oil down.. US is manipulating debt markets to pump funds for frocking to cause excess oil and gas which are sold at a loss.. Which is unheard of in a capitalistic society.. Canadian tar sands destroying HUGE areas of the country to pump oil sold on the cheap.. But hey, its stolen lands so who gives a damn.. And now they want to democratize Venezuela rage by installing a random guy as its president but has worlds largest despoit of Oil.. over 300 billion barrels.. AND a lot of untapped Gold..

What did the US do after invading Iraq? Libya.. Syria.. or any other country? Yea steal their Gold reserves even before making sure the country uses US$..

I never grew up to Gold.. Never found it interesting.. But since 2000 just reading this stuff makes gold interesting.. Why all the games??? If its so like worth such games, I need to hold some.. I have not mentioned all the games they tried to get Indians to sell their gold.. Even got the indian governments to get people to sell their gold.. Main argument is usually, its a non performing asset.. After seeing the indian government I can tell you, if the indian government every gets its hands on this non performing asset, new mansions will open up in florida to house most of its members and turn the non performing assets to disappearing assets..

Missing