Is there is any benefit on investing in gold?
Government has any benefit in price hike in gold?
What are the factors determining the gold price?
2006-12-27 12:32:06 · 3 answers · asked by karthika 1 in Education & Reference ➔ Homework Help
Just a little news Asian Dragon plans to expand its gold community in 2007. If you have the money I would say "go ahead and invest in gold;" however, the gold market can be a bit tricky. Check this website out it can be very helpful:
http://www.usagold.com/cpm/goldhelp.html
2006-12-27 12:49:25 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes and no. Yes because the price of gold gets never reduced. The rise will not be in par with that of the sensex. It's like ready cash on hand but risky from the security point of view. No because it may not wise from the investment point of view. The benefit that you derive from such investment would not instant and constant. When you have surplus of money after investing it in other quick result- yielding channels, you can buy gold for investment purpose.
It is the market that decides the price of the gold. Government is only to conltrol the gold stock and to see that the international price parity is not crossed.
Public demand, the gold stock that enters the market and the gold reserves that the Government of India decides are the main factors that determine the price of the gold.
2006-12-27 21:00:55 · answer #2 · answered by SRIRANGAM G 4 · 0⤊ 0⤋
http://www.usagold.com/cpm/goldhelp.html...
good luck...
2006-12-27 20:52:07 · answer #3 · answered by Anonymous · 0⤊ 0⤋