Gold investment options for long term:
1. Gold ETF.
2. Gold MCX futures - will rolling over each month.
3. Physical Gold coins/bars.
Issues:
1. ETFs supposedly invest in physical gold. But, this looks shady. Esp Bank of nova scotia being the custodian for ETFs in India. There seems to be some leverage issues with the custodian. This was brought to my notice by some one in this forum itself.
2. MCX futures - this really is not an investment.
3. Physical Gold - when i went to buy Vedni from PNG pune, i was shocked to see the buffer margin they keep in their selling price vs. spot price. Huge difference (500-600) without vat and tax. And the Gold quality is 23.5karat only vs. 24k rate. similar story in most of the jewellers.
4. NSEL had this mechanism of delivery of gold bars and coins. not anymore.
Given the above issues/concerns, can someone please throw some light on investing in GOLD?
Many thanks.
1. Gold ETF.
2. Gold MCX futures - will rolling over each month.
3. Physical Gold coins/bars.
Issues:
1. ETFs supposedly invest in physical gold. But, this looks shady. Esp Bank of nova scotia being the custodian for ETFs in India. There seems to be some leverage issues with the custodian. This was brought to my notice by some one in this forum itself.
2. MCX futures - this really is not an investment.
3. Physical Gold - when i went to buy Vedni from PNG pune, i was shocked to see the buffer margin they keep in their selling price vs. spot price. Huge difference (500-600) without vat and tax. And the Gold quality is 23.5karat only vs. 24k rate. similar story in most of the jewellers.
4. NSEL had this mechanism of delivery of gold bars and coins. not anymore.
Given the above issues/concerns, can someone please throw some light on investing in GOLD?
Many thanks.