RE: [www.keralites.net] E-gold, gold plans or ETFs : What is best

 

two months back i bought 100 gms (in 10gm denominations) of 24k gold (physical) from icici bank for Rs.3,26,480. they gave a discount of 8%. still i think the price was high. today's price is much less than that. i think price at icici bank and post office is much more than market price. i found icici bank price was less than post office price. icici is giving swiss gold. post office is selling reliance gold. when i checked in the gold market at chennai only100gm bars were available on that day. that is why i preferred icici bank and 10gm denominations to dispose of easily. can i sell these to shops 'for cash'? i want to make some more investment for short duration. is gold ETF good? which co's ETC is good? is there any entry load/exit load? where can i participate in ETF? do indiabulls have such schemes? i have trading a/c with indiabulls. is ETF price and market price same? jewelleries such as GRT etc charge making charges and 

a commission around 3-4%. what is your advice? 

ramakrishnan_c@yahoo.com

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To: Keralites@yahoogroups.com
From: sabari.yamuna@yahoo.com
Date: Wed, 26 Dec 2012 08:40:16 -0800
Subject: Re: [www.keralites.net] E-gold, gold plans or ETFs : What is best

 

Hi all,

first of all i want to tell u guys that am trader and i have some experience in this trading (NSEL E gold e silver e nickel e copper e lead ONLY, SPOT TRADING)

actually am not against these e gold and gold plans .. but i want to tell u guys that if u want to make money u have to continuously participate in that, u have to keep on monitoring the daily price range . that means u don't have to keep looking for 24 hrs u just have to look the daily price chart available on the net (volume traded Vs price) as well as the closing values( this closing value determines the next days base line) these help u to predict the next days value(but these may change but to some extend it will help).. 

actually these e gold plans helps u to buy gold (24c) per gram or multiples , so u buy them when price goes down and sells when price goes up.

but consider the fact that u buy then sell so actually u are buying some virtual gold(electronic form) and then selling them u can then transfer the money to ur account , but the worst thing is that u should do it by yourself u should not rely to some company or other things available TRY OPENING A TRADE ACCOUNT .

another thing i have noticed  is that these gold price have some fixed prices in the sense that they increase yearly that means u have to wait for some yrs to get profit , say gold years back it was having only low price per gram but now inceased but u cant wait for it to decrease as god knows when there prices are going to fall.. any way if they decrease also they wont be going down below 3000RS (FOR 24C) i believe so.

but e silver price goes up and gown every time almost 900rs average profit per lot(100g is one lot) and that within a year or less than that. last time it inceased to almost 1100 or more from its low range usually e silver follow some fixed line unlike e gold . so u can trust e silver more than e gold and e silver is the most traded thing i believe so..

SO MY ADVICE IS TO OPEN ONE TRADING ACCOUNT AND START INVESTING IN E silver . slowly u can increase ur buying lots, first buy small lots just to gain confidence in trading and building experiences once u gain experiences u can trade at some more large quantities

by d way u can try e gold e nickel and e copper . just study the yearly  trade graph available and then set the values at which u should buy commodities. If u have some good investments say 10lakhs u can make more by the way u can also invest from 20k also for starting and experincing 20k is enough!!! .

 

my email sabari.yamuna@yahoo.com

if u have any doubts u can mail me , i will try ma level best to help u from my experience. 

thanks to all for reading this

by sabarinath.s

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From: P Nair <pnair1966@yahoo.com>
To: "keralites@yahoogroups.com" <keralites@yahoogroups.com>
Sent: Tuesday, 25 December 2012 11:32 PM
Subject: [www.keralites.net] E-gold, gold plans or ETFs : What is best

 

E-gold, gold plans or ETFs : What is best

Anuja J, a 26-year-old Mumbai resident, started investing in a gold scheme offered by a leading jeweller in the city one and half years ago. The investment was Rs 3,000 a month. Her motive was to buy jewellery for her marriage. After 18 months, Anuja's investment grew to Rs 60,000 (including the jeweller's contribution), which she wanted to redeem.

However, Anuja wasn't happy with the money accumulated at the end of the tenure of her scheme. Reason: When she enrolled on April 29, 2011, the gold price was Rs 22,145 for 10 gms, which shot up to Rs 30,955 by October 31, 2012. In other words, a piece of gold jewellery that would cost Rs 1 lakh then is now costing her Rs 1,40,000. Hence, her scheme became unattractive when prices moved up. Tanishq, TribhovandasBhimji Zaveri, Popely Jewellers, Gitanjali and Chennai's GRT are among many jewellers offering "gold saving schemes". Investors' savings are used by jewellers to cover their operating expenses and carry out the company's normal business activities.

Is this a good investment option? No, say experts. This is not the right way to invest in gold because the jewellers don't buy gold on your behalf but just accumulate your money.

On the other hand, the gold plan launched by Reliance Money Precious Metals Pvt Ltd, a Reliance Capital company, in tie-up with the World Gold Council (WGC), accumulates physical gold using a daily average pricing methodology. It splits the monthly investment into equal parts and allots gold grammes over 20 successive working days.

Amresh Acharya, director-investments at World Gold Council, says, "This works as a mutual fund SIP (systematic investment plan) where the customer gets the statement of holding on a daily basis, detailing the amount of gold accumulated and the purchase price."

The minimum investible amount is Rs 1,000 and one can stay invested up to 15 years. However, the company levies a 1.5 per cent charge on monthly subscription. For instance, if your monthly investment is Rs 5,000, then Rs 4,925 only gets invested, while Rs 75 goes towards storage and other administrative costs. Second, a 2.5 per cent pre-maturity charge is levied if the plan is withdrawn within six months.

If you are looking at investing in gold through an electronic form, other options are available. For instance, along with the Reliance plan, you could weigh gold exchange traded funds (ETFs), e-gold, and gold fund of funds.

Currently, 12 fund houses are offering gold ETFs. These are passively managed funds that track gold prices. Gold ETFs are a cheaper proposition, as there is no entry or exit load on it. However, there is a brokerage fee.

Best Regards

Prakash Nair

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www.keralites.net

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