Gold is useless then why invest?

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.

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%.

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 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.

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.

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 :)

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 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.

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...

Thanks Usha and Sunil! I am working on it and hope it meets your expectations!!

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...

No doubt property is a better option of an investment but one need lots of money to won property these days so they opt for investing in gold as every day the rate of gold increases and I don't think its a bad idea to invest in gold these days.

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...

No doubt property is a better option of an investment but one need lots of money to won property these days so they opt for investing in gold as every day the rate of gold increases and I don't think its a bad idea to invest in gold these days.

Gold rates have crashed and continues to do so ...No doubt there will be a recovery, but the predictions are that it might come down further and stagnate ..I feel that it is better to keep the money in bank fixed deposits where there is no risk..
http://www.floridatoday.com/article/20130609/BUSINESS/306090023?nclick_check=1

It certainly depends on a persons risk taking ability, wisdom and foresightedness.gold is never going to lose its value in Indian references.