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What are gold savings schemes?

Saturday, January 19, 2019, 6:28 PM

Gold savings scheme is a jewellery purchase scheme that allows individuals to deposit money for a certain-period of time each month. At the end of the term, the individual can use the corpus to buy gold like jewellery or gold coins/bars. These schemes are generally offered by jewelers, where you can buy jewellery with the total money deposited along with the bonus earned.
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What Is Me-Gold?

Tuesday, October 24, 2017, 5:41 AM

After digital wallet company Paytm introduced digital gold and sold a quantum amount of gold on its platform, the broking house biggie, Motilal Oswal has come up with Me-Gold which is an investment in gold through an online format. In the scheme, gold shall be sold by MMTC-PAMP. Retail investors can book in the Me-Gold with a minimum sum of Rs.500 and in multiple of Re.1 thereafter.
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Why gold is not a good investment

Thursday, June 29, 2017, 9:25 AM

The reason why gold cannot be an investment is that it belongs to a class of investments that will never produce anything. Any growth in its value depends entirely on the belief that someone else will pay more for it eventually. Gold is an unproductive-asset. Unlike shares or bonds or deposits, money that you invest in it doesn't contribute to any kind of economic-growth.

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