POSTED BY November 4, 2012 1:49 pm COMMENTS (8)ON
this is not for whether to buy gold or not for investment purpose. but which is less costly?
as i understand from equitymaster news letter, and the bullionindia.in website, that we can buy even small quantity of gold at prevailing wholesale rate for holding with them , or to deliver at our address with actual delivery cost but without any other expenses. as per equity master news letter, they only charge 1% of the profit (i presume, only in case of selling). Bullion india is promoted by National Spot Exchange and one pvt. company. As per Equitymaster, Gold etf is cost efficient in medium term. but i think otherwise,as gold etf is charging 1% as expenses every year on cost of holding, whereas bullion india is charging 1% of profit only at time of its sale.
what is your take?