re: Day trading Nifty & Banknifty Futures
dear all sirji's and experts..i went to a gold shop and they selling me a new idea.put your gold for a year and get 5% return on value of gold after one year...my question to financial experts / busyiness mans here..whats the loogic behind this ones..how does the shop make money...is it not if gold price goes up they are loss
There is no actual return here. The value of gold remains as is even today. Its only the amount(supply) of money that varies. and by vary i mean increase. Money is created out of debt. Every single paise in the monetery system has interest attached to it. Debt can never be paid back. Hence the money always increases at a exponential rate considering inflation. So when they give you the money after 1 year , it will look like you have got 5%. But in reality you got nothing.
Banking and Gold are the biggest scams since mankind....
Don't fall for it. Keep that gold as investment (protection against inflation) or use it for some purpose.