Day Trading Stocks & Futures

[Riskyman]

Gold is waste of Indian wealth. a) you need to spend foreign currency to buy it, b) it's non-productive and doesn't add to GDP growth

If you have any gold which you think is a waste, Please call me

Gold is a safe haven. Its not meant to be very productive like a FD or Mutual funds. When shit hits the fan, its gold all the way.

 

[siddhant4u]

Icici bank

 

[siddhant4u]

If you have any gold which you think is a waste, Please call me

Gold is a safe haven. Its not meant to be very productive like a FD or Mutual funds. When shit hits the fan, its gold all the way.

bhai investment point of view se it's a waste of opportunity. Return in Gold is way less then even FD

edit: looks like you edited before I could respond

 

[Riskyman]

Gold is a safe haven. Its not meant to be very productive like a FD or Mutual funds. When shit hits the fan, its gold all the way.

@siddhant4u If you will remember, Me and Vikas bhai were posting Gold charts back on oct. I had buy at 1230usd/oz odd levels. Its up about 8-9% so far.

Agreed that in the Indian scenario where we have high inflation, a modest return of 3-4% on Gold doesn't justify holding it. However, Gold has now returned 8-9% when Inflation is 6%.

 

[vikas2131]

If you have any gold which you think is a waste, Please call me

Gold is a safe haven. Its not meant to be very productive like a FD or Mutual funds. When shit hits the fan, its gold all the way.

Exactly and that time is coming.

 

[vikas2131]

@siddhant4u If you will remember, Me and Vikas bhai were posting Gold charts back on oct. I had buy at 1230 odd levels. Its up about 8-9% so far.

Agreed that in the Indian scenario where we have high inflation, a modest return of 3-4% on Gold doesn't justify holding it. However, Gold has now returned 8-9% when Inflation is 6%.

We had a decade of bull market and another one is going to start in coming years.

 

[Riskyman]

Rcap and Rinfra again down 10-11% today. Chota bhai . Wah wah what Jhingalala!!!
He must not be sleeping at nights these days. Jai Ho!!

 

[TraderRavi]

Nifty is flat but nifty 11800 call is 19% down. total premium eating .

 

[travi]

If nothing else, weddings are sufficient to drive Gold sales

 

[siddhant4u]

@siddhant4u If you will remember, Me and Vikas bhai were posting Gold charts back on oct. I had buy at 1230usd/oz odd levels. Its up about 8-9% so far.

Agreed that in the Indian scenario where we have high inflation, a modest return of 3-4% on Gold doesn't justify holding it. However, Gold has now returned 8-9% when Inflation is 6%.

Agree, but for general public which keep on accumulating gold, doesn't give long term returns better than other instruments. They could be better off investing in share market.

For traders or large portfolio holders' I agree some portion should be Gold.