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Gold is useless then why invest?
in General Discussions
Gold has no real value. Yet this is considered a god investment. why? see the links:

http://in.finance.yahoo.com/news/10-reasons-gold-is-an-awesome-commodity-100223119.html

http://in.finance.yahoo.com/photos/basics-explained-why-gold-prices-are-under-threat-slideshow/

G. K. Ajmani Tax consultant
http://gkajmani-mystraythoughts.blogspot.com/

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    Investing in gold is a winning investment strategy but when it is purchased in the form of jewellery, gold tends to wear because of regular usage and is prone to damage. In addition to this, the making charges and exchange charges will have an effect on the final price at which you buy or sell the jewellery. Buying physical gold is the best investment in gold. One can buy gold in the coin or bar form from a bank or a jeweller. Available in different weights, these bars and coins can be used at any later stage to make jewellery. The advantage of such form of investing is that you generally only pay the market price, and there's no additional charge in the form of making or wastage charges.
    “In the depth of winter, I finally learned that within me there lay an invincible summer.”
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    Gold has no real value. Yet this is considered a god investment. why? see the links:

    http://in.finance.yahoo.com/news/10-reasons-gold-is-an-awesome-commodity-100223119.html

    http://in.finance.yahoo.com/photos/basics-explained-why-gold-prices-are-under-threat-slideshow/


    for investment gold is best one but for using I think is wastage on money. If we exchange our gold 10 times it depreciated 100%.
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    Gold is liquid investment since you can get money when you want by simply selling gold, thats how it has become so popular with people. So far it has never been a useless investment and since it is linked to the economy and world market it keeps fluctuating along with the others and gives an opportunity for investors to either buy or sell as the case may be ! It is not a useless investment, at least not yet !

    Pay no mind to those who talk behind your back, it simply means that you are two steps ahead !!!

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    Gold is liquid investment since you can get money when you want by simply selling gold, thats how it has become so popular with people. So far it has never been a useless investment and since it is linked to the economy and world market it keeps fluctuating along with the others and gives an opportunity for investors to either buy or sell as the case may be ! It is not a useless investment, at least not yet !


    Gold has exchange value and ornamental value. But this has no intrinsic utility. People have some craze for the yellow metal and this is also needed on some occasions owing to tradition. 'Useless' means that this has no real use- for eating, drinking, wearing. Its use is only fancy or for satisfaction of craze.

    G. K. Ajmani Tax consultant
    http://gkajmani-mystraythoughts.blogspot.com/

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    Gold is liquid investment since you can get money when you want by simply selling gold, thats how it has become so popular with people. So far it has never been a useless investment and since it is linked to the economy and world market it keeps fluctuating along with the others and gives an opportunity for investors to either buy or sell as the case may be ! It is not a useless investment, at least not yet !


    I am agree with you. We Indian know for our saving habits. In ancient time when banks are not available than gold is best one mode of saving. for this reason India called golden sparrow.
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    Most of the Gold well wishers are Indian. We love to wear gold jewelries on occasions. This is why people love to invest in gold. Gold is not useless. You can purchase it for savings and it will give you the best return while recession or economic downturn. In situation where stocks are going down, inflation rate is going up, gold is the safest bet for every Indian i believe. :) Have trust in Gold, it will fetch you a steady return. Happy investment :)
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    I have a lot to say on this form of investment and I intend to bare it all in my next article on this. Investment in gold must take into consideration several economic variables. Hope the proposed article would enjoy your kind patronage.
    Thank you said by: Gulshan Kumar Ajmani
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    I have a lot to say on this form of investment and I intend to bare it all in my next article on this. Investment in gold must take into consideration several economic variables. Hope the proposed article would enjoy your kind patronage.


    I shall keep a close eye on your next article, waiting eagerly. I think gold will not lose its importance in Indian reference in near future.

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    Thank you said by: chinmoymukherjee
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    I have a lot to say on this form of investment and I intend to bare it all in my next article on this. Investment in gold must take into consideration several economic variables. Hope the proposed article would enjoy your kind patronage.


    Definitely ! would look forward to reading your article ! Personally, I am not too interested in either gold ornaments or gold as a metal, prefer to have liquid cash or property as a form of investment any day...

    Pay no mind to those who talk behind your back, it simply means that you are two steps ahead !!!

    Thank you said by: chinmoymukherjee
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    Thanks Usha and Sunil! I am working on it and hope it meets your expectations!!
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