IS IT THE RIGHT TIME TO INVEST IN GOLD READ ON VIEWS

Gold ETF trading price by S Krishna

why any gold ETF price is not exactly equal to the physical gold price?. For example, Reliance Gold ETF is trading around Rs.1612/- where as gold is trading around Rs.1673/- today.

Invest in gold by Sheetal Kaur
want to maker profit then only invest in certified gold bullion and currency such as Krugerrand or gold dollars and not in jewelery.
Sell it back to a good gold bullion dealer and not to a jeweler
Only then you will get any good return.
Otherwise it is not worth investing in gold.

You can get double by Raina
..of what you get in gold by investing in silver.
Historically every time gold has gone up silver has more than doubled in the same time frame.

Most people don't understand it.Those who do make a higher return without any risk. invest and hold till ur in profit.

RBI's purchase is favor to US not to fellow Indians by Sharmila Prabhu

One tonne of gold equated to a value of US$35 million as of November 4th, 2009

Traditionally US is the Bullion Depository for many countries, i.e. US Dollars ($) Vs GOLD deposits. That is why USD was so powerful money till recent years. Now situation is changing, as many countries stopped trading with USD. Unfortunately this is one of the major HIT for US economy. US have now plenty of GOLD reserves (approx. 10K tones). Unless they sell them back, US may break down economically anytime.

Also you may be aware, discussions have already started in OPEC Countries (Organization of the Petroleum Exporting Countries) that "Should they have to continue to do the OIL TRADE still in USD". There is a proposal already to use few other currencies instead of USD (Canadian Dollar, Sterling, AED, Euro etc). If that becomes effective, then US economy will be in SHIT.

So the current situation for US is in search of new borrowers for their GOLD reserves. We Indians are always so generous to help the US economy, no matter how worst our economy goes…

My Question to you all is: “India becoming one of the countries for GOLD reserve is acceptable, BUT IS IT THE RIGHT TIME FOR RBI TO INVEST SUCH A HUGE MONEY ON BULLION”

My opinion is, we could have done this earlier, not when the GOLD value is in historic rise….
by mohammed ulhaq
You have explained only one side of it, but you should also know one thing that if India holds USD in reserves then at the point when USD becomes equal to Sh.t then we are in deep sh.t. its better to convert USD into exchangable commodity and in long run it can converted to any currency as anybody will be prepared to buy Gold but not USD as currency

sachin petkar says
All money are invest in gold because there is no correction in gold ? Time to time increasing the price of gold ? 2 year 25000/- and after 10 year 45000/-



Vishwas Pendnekar says
Gold price should be in line with Oil price - a barrel of oil and a gram of gold should generally be equal. People buy gold, initially for their need, and then the greed make them to buy more. If people buy only for their need, the price will be reasonable. I am very happy if the price goes up, as I have already nearly 4 kg of gold in jewellery form, bought over the last 20 years.