The Gold Sparkle-www.avtt.net

Jewelry-Diamonds Gold is at an all-time high and its a great time to sell jewellery or coins you have been saving up and reinvest in real estate or other areas. Warren Buffett famously said Gold gets dug out of the ground, and then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head. He also dedicated a major part of his latest shareholder letter criticizing it. Buffett wrote, Today the worlds gold stock is about 170,000 metric tons. If all of this was melted together, it would form a cube of about 68 feet per side. (Picture it fitting .fortably within a baseball infield.) At $1,750 per ounce its price as I write this its value would be about $9.6 trillion. Call this cube pile A. He then went on to .pare pile A to another pile. Lets now create a pile B costing an equal amount. For that, we could buy all U.S. cropland, plus 16 Exxon Mobils. After these purchases, we would have about $1 trillion left over for walking-around money. Can you imagine an investor with $9.6 trillion selecting pile A over pile B? At such high levels its an ideal time to sell and look for other prospects for investments in the booming Indian economy. Real estate is still a great option to invest at this time, with a recent international research report putting Indian real estate prices among the third in the world in the index of the highest rising prices, Brazil and Estonia preceded India. Suburbs like Gurgaon and Greater Noida in Delhi are a great place to invest in right now. You can also make use of gold loan services by banks like HDFC or NBFCs like Muthoot Finance. However, they disperse only about 60 % of the value they perceive in your jewellery. Gold selling services like in the west are absent in India and you would have to rely on your family jewellery to get the best price. However some services are cropping up in metros like Delhi. We recently came across such a service introduced by a South Delhi based jeweller called Jewels Capital which offers best prices on old jewels and investment opportunities through hallmarked jewels and swiss made/MTC coins. They claimed to use a mix of modern and tested traditional assaying methods to arrive at an accurate price for your old jewels. About the Author: 相关的主题文章: