Investing in Gold ETF
Printed From: The Equity Desk
Category: Investment Ideas - Creating winning portfolios!
Forum Name: Stock Synopsis
Forum Discription: A bried discussion of companies on very specific matters. Normally this is the prelude for further research as always members would be discussing quality companies with good management only
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=1657
Printed Date: 21/Apr/2025 at 4:23pm
Topic: Investing in Gold ETF
Posted By: valueman
Subject: Investing in Gold ETF
Date Posted: 09/Mar/2008 at 5:52pm
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Has anyone invested in Gold ETF ? Is it better option than Physical Gold ( i.e for investing ) ? There is lot of news going around that Gold prices are going to keep shooting ahead and it is worthy to start investing Gold as part of one's portfolio . By the way this is the return of Gold From Benchmark Gold ETF in one year : 19-Mar-2007 948.2464 05-Mar-2008 1260.4531 A return of : 32% Of course this journey was not a straight line but had its dips in the month of May when Gold slipped to 880 levels or so but then from that time onwards it is moving up and up . Members share their views . ------------- To achieve satisfactory investment results is easier than most people realize ; to achieve superior results is harder than it looks . Benjamin Graham. |
Replies:
Posted By: nitin_jagtap
Date Posted: 09/Mar/2008 at 6:10pm
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Looks like gold is set to become the asset of choice going forward..with the USD weakening and crude going northwards ...all will flock to gold ..unless some real strong alternative currency stands in between. Bubbleji comments pls? ------------- Warm REgards Nitin Jagtap |
Posted By: Musketeer
Date Posted: 09/Mar/2008 at 6:17pm
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Sorry for butting in, but when I see the preferences of young ladies for diamonds over gold(no puns invited for my keen observations BTW, Here is one link about Gold as an investment at current stage: http://www.fool.com/investing/small-cap/2008/03/03/you-are-about-to-make-a-bad-investment.aspx?source=ihpdspmra0000001 - Bad Investment ------------- Be fearful when others are greedy. Be greedy when others are fearful. |
), I'm not bullish on it.Posted By: gopal
Date Posted: 09/Mar/2008 at 7:15pm
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Dear seniors,
I also have same question as value bhai that is physical gold better or taking position of gold on exchange ....
can someone explain this option of gold etf also
------------- Women are like the stock market Coz they're irrational n can bankrupt u if u're not careful |
Posted By: catcall
Date Posted: 09/Mar/2008 at 9:48pm
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From purely an investment prespective, investing in Gold ETF is a better option as:
1) Purity of the gold is not an issue as against phyiscal delivery.
2)Safety of the gold is not an issue as in the physical form
3)In India, especially, the phsical form of gold in the family tends to be converted into jewellery and is then no longer an investment asset!!
------------- There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing! |
Posted By: kulman
Date Posted: 09/Mar/2008 at 12:03pm
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Baat jab sone ke baare mein ho....CatCall usually is very quick to post his comments. A true sajjan.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: nitin_jagtap
Date Posted: 09/Mar/2008 at 8:47am
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Do we call this the GOLDEN RULES of investing ? ------------- Warm REgards Nitin Jagtap |
Posted By: PrashantS
Date Posted: 09/Mar/2008 at 9:21am
| i think in India Gold is always an asset ...people dont care much if it is 9000 Rs or 13000 Rs ....sona or hira girls best friend |
Posted By: johnnybravo
Date Posted: 10/Mar/2008 at 4:09pm
Is he related to 'LION' ?  ------------- Saab Moh Maya hai! |
Posted By: valueman
Date Posted: 10/Mar/2008 at 5:06pm
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Did my first symbolic e-investing in Gold today . ------------- To achieve satisfactory investment results is easier than most people realize ; to achieve superior results is harder than it looks . Benjamin Graham. |
Posted By: catcall
Date Posted: 10/Mar/2008 at 5:28pm
In India, gold is considered as an investment in a different sense , rather it is something we tend to sell off only if we go bankrupt!!.The point I am making is that if gold is bought for investment, buying in Gold ETF allows you to treat it as one, (seperate from the traditional family silver) and one tends to be much more comfortable in selling it than in the physical form...
------------- There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing! |
Posted By: valueman
Date Posted: 10/Mar/2008 at 6:07pm
Spot on . ------------- To achieve satisfactory investment results is easier than most people realize ; to achieve superior results is harder than it looks . Benjamin Graham. |
Posted By: catcall
Date Posted: 08/Apr/2008 at 10:00pm
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TEL AVIV (MarketWatch) -- The International Monetary Fund said it would sell more than 14.2 million ounces of gold, currently valued at more than $13 billion, and cut substantial costs as part of an efficiency drive.
In a statement on Monday, Managing Director Dominique Strauss-Kahn said the IMF had made "difficult but necessary choices" to close an income shortfall and make the agency more efficient through a "new and sustainable income and expenditure framework."
With the changes, the IMF's income model would be based largely on generating funds from various sources rather than relying on lending, the agency said.
Reuters reported that the IMF holds about 113.5 million ounces of gold, so the gold to be sold amounts to 12.5% of its holdings. The metal would be sold "in a transparent manner with strong safeguards" to avoid disrupting the market, the IMF said.
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------------- There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing! |
Posted By: rakeshmehta48
Date Posted: 08/Apr/2008 at 10:52pm
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Gold market initially took this news as negative. June Gold traded to a low of USD 911 from a high of 929.
As of now, its 918 ------------- Fund Management is Most Important |
Posted By: basant
Date Posted: 08/Apr/2008 at 10:57pm
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These banks have i history of selling at prices that become long term bottoms. I think a few years back when gold was below 300 dollars one big bank had sold out of a huge position. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: gopal
Date Posted: 08/Apr/2008 at 10:57pm
Dear all,
It was on TV news that to sell this Gold will first require clearance from USA, UK & germany governments. After that it will require clearance from another 150 countries government at least out of its full membership of about 185 countries. The news also informed that completing this process will take up about a year. The process plans to sell gold slowly over a period of 4 -5 years. So do not fear it will not actually impact as much as all are fearing
------------- Women are like the stock market Coz they're irrational n can bankrupt u if u're not careful |
Posted By: rakeshmehta48
Date Posted: 08/Apr/2008 at 11:04pm
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By the way "Streettracks Gold ETF Trust Holdings"
holding as of yesterday is 20.642 million ounces
They started in Nov 2004 with 260000 OZ ------------- Fund Management is Most Important |
Posted By: rakeshmehta48
Date Posted: 08/Apr/2008 at 11:11pm
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In the past US has shown its intention of vetoing such a sale by IMF ------------- Fund Management is Most Important |
Posted By: grim
Date Posted: 08/Apr/2008 at 11:26pm
| Can investment in gold can probably be seen as hedge against equity crash? As in current times. As the movement of both seems to be inversely related to each other. |
Posted By: rakeshmehta48
Date Posted: 08/Apr/2008 at 11:30pm
It was Bank of England.
And that too they pre announced Total and qtrly quantities to be sold.
There's long story behind this
------------- Fund Management is Most Important |