Friday, March 7, 2008


  • Buying gold is a safe and pleasurable investment because it will generally retain good value over time.
  • Pure gold (24 carat or karat) is soft.
  • So it is alloyed with base metals such as copper and silver, for use in jewelry (jewellery).
  • 22 carat gold contain 1/11oz of base metal.
  • It’s also more robust than 24 carat counterpart, with a greater longevity.
  • 18K gold is 75% pure.
  • You can buy gold bars (bullion) or coins.
  • The smaller the bar or coin, the larger will be the premium.
  • The fabrication cost for gold coins is more as they need better finish.
  • The larger gold bars bear the closer value of gold.
  • Buy from a reputed dealer.
  • If you buy from an auction, ensure the auction seller is bona fide.
  • It is a matter of faith and trust if you buy from well known friends and relatives.
  • Avoid selling your gold. If it is necessary to sell, simply sell it back to the dealer (Dealer will make some profit).
  • RBI’s foreign exchange reserves consist of foreign currency assets, gold, special drawing rights (SDR) and RBI funds kept with IMF.
  • Gold is the ultimate currency. Purchasing gold is generally done as part of the foreign exchange reserves management operations.

1 comment:

Alistaire said...

Wow, I love it! You are inspiring!!! I just found your blog, I like it because i was seeking for such type of info.
I hope it benefits all one who land up here.
Thanks for sharing!!

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