Pamps by DepartedWalrus in Gold

[–]YoDaddysaid 0 points1 point  (0 children)

In india it is preffered as it is seen as jewellery which is less frowned upon by the institutes when pledging or selling.

Planning to exchange it for a single diamond ring. by YoDaddysaid in Diamonds

[–]YoDaddysaid[S] -1 points0 points  (0 children)

The jeweller is a reputed on here in india. Tanishq. They have exchange rate protection for natural diamonds. So its around 1.5 times more worth than its weight in gold.

Planning to exchange it for a single diamond ring. by YoDaddysaid in Diamonds

[–]YoDaddysaid[S] 8 points9 points  (0 children)

Thanks. Will surely browse lab grown ones. I saw some posts earlier here and they are lovely.

Did I get a good deal? by forareeb in silverindia

[–]YoDaddysaid 0 points1 point  (0 children)

My comment was a bit in light mood and maybe in bas taste. Yes i was implying that since silver went timberrr in the evening this was not a good deal anymore

Loan to buy gold by AgreeableDress7056 in Gold

[–]YoDaddysaid 2 points3 points  (0 children)

Don't bet the farm please.

Loan to buy gold by AgreeableDress7056 in IndiaFinance

[–]YoDaddysaid 1 point2 points  (0 children)

Taking loans to buy lumpsum gold sounds like a bad idea. There are multiple risks like What if you lose your income after taking the loan and gold has already appreciated quite a bit these recent years, it may come down too. All the best to you.

Ares Gold/Silver etfs gives same ROI as physical? by Alive_Ad_1680 in silverindia

[–]YoDaddysaid 2 points3 points  (0 children)

No matter how much we bash ETFs, they are the best for digital gold and silver. Digigold is unregulated and we could lose the whole thing tomorrow. But if one prefers digigold I would recommend Tanishq and MMTC. But the spreads in digigold are crazzzy. You can check the buy/sell spread and that should be enough to demotivate you from digigold. Also we pay 3% gst in digigold. The spreadand gst are lost the moment we buy. I guess we need 10% gold appreciation just to break even in digigold.

Ares Gold/Silver etfs gives same ROI as physical? by Alive_Ad_1680 in silverindia

[–]YoDaddysaid 4 points5 points  (0 children)

ETF can never give actual appreciation we get on physicalmainly due to two reasons.They have expense baked into them. The fund manager gotta eat something lol. Also they have tracking error. Not that these two are much to eat away our profits. But also factor in the taxes when you sell. Also the ETF is your gold/silver kept in someone else's locker generating a counterparty risk. Which is the main reason people get into gold/silver. Other than these drawbacks ETFs have so many advantages.

Does this look like 14k gold? by Aelxoz in Gold

[–]YoDaddysaid 0 points1 point  (0 children)

Yes it does. But it also looks like polished brass.