Physical Gold as Investment?

burntwingzZz said:
just look for bullion sellers which are old and reputed pay the cash and keep the bullion in the same pack when you want to return they deduct some amount the return payment is in cash as well. i did purchase gold at 32k and at that time he told me gold will touch 60 and it did within 4 years .Gold performed way better than FD and was way safer than FD.
Click to expand...

How do I find one? I am in Mumbai.
 
Gold will always go up in the long run. Please prefer getting physical gold first rather than jumping straight into digital gold. The digital gold is only yours on paper, you can't touch it.

In chaotic type situation only gold that you have at home will save you, your physical money can become regular paper if bunch of top level people in power decide that, as we saw in 2016.
 
burntwingzZz said:
just look for bullion sellers which are old and reputed pay the cash and keep the bullion in the same pack when you want to return they deduct some amount the return payment is in cash as well. i did purchase gold at 32k and at that time he told me gold will touch 60 and it did within 4 years .Gold performed way better than FD and was way safer than FD.
Click to expand...
+1. Most cost effective method for physical gold.
 
You can check Gold monetization scheme. A few banks and fewer branches run this scheme. However, banks don't seem to advertise them.

You get to earn interest on gold sitting idle with you. This may work for gold bars as the banks will melt it.

Gold Monetisation

www.hdfcbank.com www.hdfcbank.com
 
Thing about dealing with bank is that, it will come under proper tax audit.
Also, GMS comes with locking period, loses access and control which is important while investing in gold.
 
Last edited:
burntwingzZz said:
Zaveri Bazar catch any gujju marwadi
Click to expand...

But is there any way to find out reliable place? Also, I stay in Borivali west which has numerous jewellers in same vicinity, biggest ones that too (TBZ, Tanishq, Kalyan, Joyaluks etc). Wondering if I should try all these?
Do these jewellers sell bullion (with cash).
Check this once. I don't plan to buy online, just that the jeweller mentioned is a reputed one and near my home.

www.coinbazaar.in

Buy OM Jewellers Gold Bar Of 10 Gram in 99.9 Purity I CoinBazaar

OM Jewellers Gold Bar Of 10 Gram in 99.9 Purity Fineness
www.coinbazaar.in www.coinbazaar.in
 
So it seems if you ask online, people recommend to get gold bars from the MMTC website / store for assured purity and to be not scammed.

Online Gold & Silver Coin Shopping Store | Buy 24K Gold Coins | MMTC-PAMP

Visit MMTC-PAMP website to choose from our wide range of 24K (999.9) purest Gold & Silver coins and bars. Free Shipping, Secure platform, and best gold rate.
shop.mmtcpamp.com shop.mmtcpamp.com

My question is, if i do buy from here, in future, can i sell at any regular jeweller?
 
raksrules said:
So it seems if you ask online, people recommend to get gold bars from the MMTC website / store for assured purity and to be not scammed.

Online Gold & Silver Coin Shopping Store | Buy 24K Gold Coins | MMTC-PAMP

Visit MMTC-PAMP website to choose from our wide range of 24K (999.9) purest Gold & Silver coins and bars. Free Shipping, Secure platform, and best gold rate.
shop.mmtcpamp.com shop.mmtcpamp.com

My question is, if i do buy from here, in future, can i sell at any regular jeweller?
Click to expand...
you can go to SBI / central bank and get bullions
 
Just today, someone suggested PhonePe to me. You can start accumulating in small amounts, Rs. 100 onwards. You can start SIP too. You will get Gold Credit in your account. But, they will give you delivery in physical form only in certain units say 0.5g onwards. They will door deliver your physical gold at your doorstep.
 
Kevin Lane said:
Just today, someone suggested PhonePe to me. You can start accumulating in small amounts, Rs. 100 onwards. You can start SIP too. You will get Gold Credit in your account. But, they will give you delivery in physical form only in certain units say 0.5g onwards. They will door deliver your physical gold at your doorstep.
Click to expand...
Can't trust online delivery of gold. What if it turns out to be a fake piece in the future? It may become a blame shift game. Between three parties i.e. PhonePe, You and the delivery boy.
 
Back
Top