Gold investing

Every time I talk to anyone in my family they will always say that gold is the way to go and that was an eye opener to me and there were several folks who told me that they would have gold as jewelry as much as they can. Well it works double ways since you can will be investing in gold as well as you will be keeping your wife happy.

Gold has been breaking all records because of the huge demand and that has meant that each and every time it reaches a new high there is more money needed to get it as well as on the other side it id proving its might in the world economy.

I read the news item that gold was bought by RBI from IMF. Same was done by Sri Lanka and several other governments in the world.

Just to give you an idea the gold in India is measured in grams to 10 grams is about 16500 now and was about 18000 a week ago.
In the US the gold is measured in ounces and it touched more $1000 and ounce.

That said I bought several gold coins from the US when I returned but these are not available in India. Only a few years ago we have had the banks selling the Gold Coins and I checked that these are Swiss Coins. There are three gold ETF’s in India. One if from Kotak Mahindra.

I have put down about Rs 1 lac and bought several gold coins as well as the some gold jewelry.

Apart from this I have started to invest in stocks and it has been a roller coaster ride to do that. Here is the main site that I usually refer to while investing Equitymaster.com