Gold investing

POSTED BY Himanshu ON January 6, 2013 1:51 pm ONE COMMENT

Hi Manish,

came to know about following scheme.. what u think about this??

is it worth it?? i dont think so.. whats ur thought ???

The 11+1 Plan

Under this scheme, you need to invest a fixed amount every month for 11 months. The 12th month installment is paid by the service provider .hence you can buy for more than what you pay

Scheme Type 11+1
You Pay 3000
No of months 11
Total Paid 11 X 3000 = 33000
Discount 3000 (at time of purchase)
Total Amount 36000
Time period after 12 months
Advantage

 

Discount – 100% of monthly instalment

 

One reply on this article “Gold investing”

  1. This is like an investment giving about 9% return which is comparable to a recurring deposit
    there are many conditions on what you can buy and wastage charges on select jewels etc.
    quite a of fine print one has to read and understand

    If you choose a RD to invest the same amt after one year you will get slightly more returns and you free to do what you want with it

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today