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Gold Facts


buy gold on diwaliAs we head towards another Diwali, here are some gold facts to keep you motivated to make regular purchases in the physical product.Repeat ;physical and no version of paper gold.

1.With every 1 per cent rise in income, gold demand climbs by 1 per cent. But when prices rise 1 per cent, gold demand falls only 0.5 per cent.

2.For a 1 per cent increase in inflation, gold demand increases by 2.6 per cent as investors turn to gold to protect themselves against inflation.

3.Rural consumers show a pronounced preference for plain gold jewellery, while urban consumers are likely to buy gold set with precious and semi-precious stones.Plain gold jewellery accounts for some 88 per cent of purchases in rural India while the corresponding figure for urban areas is 57 per cent. In the days of rampant lab simulated diamonds sold as natural ones,a body is likely to help themselves by choosing plain gold pieces or simply discounting the price of “diamonds” while buying ornaments.Better assume them to be fake and be pleasantly surprised if they turn out otherwise. Read more of this post

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Oil, Gold, Stocks, Vitage Cars And Pink Diamonds


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Cost Of Mining Gold


With all the talk of returning to a gold standard in some or other way, do take a look at the gold production cost in the US.

Then you will get the Buffett wisdom of not betting against the US.

Not to say that other countries challenging the US for pole position won’t provide good opportunities for agile people to make money.

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The Immediate Future Of Gold


Gold Price Prediction

The Gold Bungalow


Gold BungalowThe gold bungalow above was the most talked about offering to the Lalbaugcha Raja this year. At auction, devotee Santosh Mane put in the highest bid at Rs 5.21 lakh.The current market price of gold is Rs 3,54,818 lakh for 130 grams.

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