Returns From Gold Bonds
December 6, 2016 Leave a comment
For Whom Wealth Matters
Filed under Precious Metals Tagged with gold bonds, postaday, Sovereign Gold Bonds
November 28, 2015 2 Comments
The first I heard of the Sovereign Gold Bonds was on Dhanteras day when my bank tried to get me to purchase some of them.At the time , I was on my way out shopping and my first thought was: Do I really want to postpone my gold purchases for a year to earn an additional 275 rupees per Rs10,000/-?Yaar, I could haggle with the jeweller and easily get that much and more off my purchases. And then, I love wearing jewellery.Do I want to give up on that pleasure and experience, multiple times a year, for as little as 275 rupees? That too in the days when one simple restaurant meal, or a taxi ride might cost that much and more? The answer then was an easy “NO”.
Later, I was to learn worse about these bonds. They are priced higher than the price of physical gold on the street. So there goes any notional interest a person might have earned! Read more of this post
Filed under Paper Assets, Precious Metals Tagged with capital gains, Dhanteras, Gold, hedging costs, interest, jeweller, jewellery, postaday, price, shopping, Sovereign Gold Bonds