Gold Facts


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Gold Prices on the Street


The recent fall in gold prices in the international markets made news headlines in India.The MCX mirrored the COMEX but things were a little different on the street.Here is a story from this week’s Wealth Times.Do read it for an idea of how ETFs react vis-a vis bullion and for how to try and get a discount out of your jeweller.

Is the fall in gold prices genuine

Khyati Dharamsi

wealthymatters.comWhen gold prices fell by more than 2,500 from 28,210 per 10 gm on 21 September to 25,685 on 29 September,people hailed the good news.But much to their disappointment,they found that it wasn’t as cheap as it was touted to be.While the yellow metal was trading at the 25,000 mark,most jewellers charged 27,500 per 10 gm,even 28,200 at some stores.When asked about the difference in the rates,jewellery store managers said that the rates quoted in the media were averaged out,so they were not applicable. Read more of this post

The Gold Investor’s Bible


wealthymatters.comThis is the free e-book advertised in ‘The End of America’. Despite the negative reports I decided to look for a copy and read it just to see for myself if it was really as bad as it was portrayed.

I personally find this is a very good book and it has all the basics in one place.You can get a copy here: http://www.capitalsynthesis.com/wp-content/uploads/2011/07/The-Gold-Investor-s-Bible.pdf .If you are interested in investing in gold,I heartily recommend this book to you.Reading a book doesn’t mean uncritically accepting everything and tossing money into untested ideas.This book will offer you ideas,consider them,test them and if things work for you go for them.

Here is more about what I gained by reading this book with essays contributed by Chris Weber,Jeff Clerk,Steve Sjuggerud etc. : Read more of this post