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preet72787
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Joined: 07/Jan/2013
Location: Canada
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Posts: 2
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   Posted: 04/Mar/2013 at 4:51pm |
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Investing in gold is not beneficial in these days.
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S.Varghese
Senior Member
Joined: 12/Jul/2011
Location: India
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Posts: 329
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Posted: 04/Mar/2013 at 6:26pm |
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Gold is not an investment, for the common man it is an insurance and for punters it is speculation. It has no characteristics of an investment.
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Fools rush in where angels fear to tread.
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 04/Mar/2013 at 7:36pm |
Originally posted by S.Varghese
Gold is not an investment, for the common man it is an insurance and for punters it is speculation. It has no characteristics of an investment. |
If only all Indians understood this.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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S.Varghese
Senior Member
Joined: 12/Jul/2011
Location: India
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Posts: 329
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Posted: 04/Mar/2013 at 10:58pm |
Dear Basantji,
Your comments carry a lot of weight. Can you throw some light on what is the best form of intergenerational wealth. Most of the companies go out of business in a generation or two. Also when we become old we may not have the risk appetite or even the acumen to identify and invest in good companies.
Land is easily grabbed in India if you are not cautious. Real Estate is one which can be given to our children. Do you think when one grows old some part of his portfolio should be liquidated and moved to gold to leave it behind to our children?
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Fools rush in where angels fear to tread.
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FutureBull
Senior Member
Joined: 06/Feb/2009
Location: India
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Posts: 1868
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Posted: 14/Apr/2013 at 9:19am |
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Look at carnage in Gold/silver down 10% in 2 days. This should make people understand that there is nothing like absolute safe haven. Warren Buffet is very correct when he says that you need to own productive assets. However, this should not be the end of investing in gold but who knows it would rise and when?
Edited by FutureBull - 14/Apr/2013 at 9:20am
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‘The market always does what it’s supposed to — BUT NEVER WHEN’.
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S.Varghese
Senior Member
Joined: 12/Jul/2011
Location: India
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Posts: 329
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Posted: 14/Apr/2013 at 11:03am |
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For those people who consider gold an investment this is not good, but gold is an insurance. You do not want your term insurance premiums to be paid back in any eventuality, but it gives you some peace of mind that in case things do not go by our liking.
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Fools rush in where angels fear to tread.
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dipankar66
Senior Member
Joined: 18/Mar/2010
Location: India
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Posts: 115
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Posted: 16/Apr/2013 at 1:21pm |
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In last 50 years, return from gold was very good (considering the downside risk) compared to any other asset class. In last 10 years it was scorching. Saw a presentation to that effect in Zee Business yesterday.
I also have read opinions of Warren Buffet about gold not being such a great investment...but in Indian context, fact is, gold is a good insurance against inflation. In US, inflation is negligible as compared to India.
Even on 1995 gold was at 4500/10gms or thereabout, it is now at 25,000/10gms
Not totally bad, is it?
At least better than many mutual funds with highly sophisticated fund managers.
Edited by dipankar66 - 16/Apr/2013 at 1:23pm
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DD
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