Gold Play

A few years ago there was no person selling financial products that didn’t have a good word to say about gold, even if it was just paper gold.

And these day’s when gold prices are down, there’s a lot of people talking about the non interest bearing nature of gold and the hassles of gold ownership. “Monetizing ” gold is the new buzz-word.

But round the world, central banks are involved in an interesting gold play. I’m not sure its check-mate as yet .But where all these guys prefer physical gold, I’m not persuaded that letting go of our small stashes is such a great idea. Enjoy the very interesting article below:

Grandmaster Putin’s Trap: Russia is Selling Oil and Gas in Exchange for Physical Gold
-Dmitry Kalinichenko

Accusations of the West towards Putin are traditionally based on the fact that he worked in the KGB. And therefore he is a cruel and immoral person. Putin is blamed for everything. But nobody ever accused Putin of the lack of intelligence.Any accusations against this man only emphasize his ability for quick analytical thinking and making clear and balanced political and economic decisions. Read more of this post

Recycle Your Scrap Gold And Get Paid For It

wealthymattersBeing something of a gold-bug and an investor with a preference for tangible assets, I don’t much care for the line of thought that sees gold as a dead asset. Moreover, no matter however deeply unfashionable, I believe that by “worshipping” gold as we Indians do, we actually help keep our politicians “honest”. Gold has a way of exposing the economic lies and false promises of the powers that be.

However, should you have scrap gold with you-broken artefacts,worn out jewellery that simply can’t be repaired any longer,9Kt gold,14Kt gold- the new gold deposit scheme is a god send.

Normally, you’d have to pay to have the gold melted down and made pure but as per the provisions of the Gold Monetisation Scheme, the banks would pick up this tab. And they have to pay you a small interest for the period you choose to entrust the gold to them.

So go ahead and approach the banks with your scrap gold. A short while later, you should be able to withdraw your gold as 995 gold bullion.

Believe It Or Not – 8% !!!!

wealthymattersAccording to a joint report by Ficci and the World Gold Council, an Indian household spends 8% of its daily consumption on gold jewellery and coins, only marginally behind medical expenses and education.

The Immediate Future Of Gold

Gold Price Prediction


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