March 2, 2012 8:49 pm
Lately there are ads coming on TV abt this scheme. you pay for 11 months and the company will bear the installment for 12 month to buy Gold.
Any reviews abt the scheme?
Ashal, is there any limit for a parent to spend on their children? the answer to ur question would be max that i can accumulate and spend on them. 🙂
Dear Ankur, thanks for the cross question but at the end of the day, we w’d have to put a figure or quantity of Gold we want to gift at the time of marriage of our children. It may be 200 gm for me & 500 gm for you & may be 1 Kg for some one else.
What I meant was first pick a quantity of Gold.
So now it’s your turn to quote the quantity.
5, planning for the other one 🙂
Dear Ankur, next question – how much Gold in quantity you w’d like to gift to each of your children at the time of marriage as & when it happens?
Dear Ashal, the prime motive for investment in Gold for me is Children’s marriage. i just wanted to take the opinion if its safe bet or not.
Dear Ankur, may I know the age of your child(ren)?
Dear Ankur, please do tell me a positive earning of Gold investments, once the Gold is in your bank’s locker?
Please do not quote the rising prices as the earning.
it is a marketing scheme where you earned 12th installment for 11 months’ recurring and you have to buy gold or jewellery at the prevailing rate at end of the year from tanisque, where you are sure about brand for jewellery and trust for quality for gold . of course rates would be a little more, i think.
some local jwellers are offering gold purchase as small as 1 gm every month at prevailing price at the time for 12 months or so, and you can collect at the end. some big firm are offering 50-100 gm at the prevailing rate + for some a/m as down payment and balance in some installments, where you get the gold at end of the period. in such schemes you can take take advantage of the increase of gold price or other way i.e. lose
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