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Where to buy gold?




ftfl
Senior Desi
Member since: Jul 06




Posts: 2335
Location:


Wafers and Biscuits are made at the mint. There should not be any charge for doing this, as there is a stamp on the wafer as to its purity and weight with the makers name stamped with it. See a jeweler for your requirements. Bars, wafers, and biscuits: NO TAX. Coins are taxed.

Today the cash market for GOLD hit a low of $774.00 at 04:00 EST. It was down that much. The current spot market is at 780.00 see the web site in Link.

Keep this web site handy for future.

http://www.monex.com/expert/how-much-gold-is-enough.html

Freddie.


 
Post ID: 125956 15-08-08 11:09:09
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HelloG
Senior Desi
Member since: Jan 08




Posts: 338
Location: vasudhev kutumbkam


Its at $785 USD now.
Market watchers can tell us what should be expected next week.


 
Post ID: 125986 15-08-08 15:46:15
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jake_ryan
Junior Desi
Member since: Mar 07




Posts: 7
Location: Montreal


I just bought one 1oz wafer/bar from scotia. I paid 810 USD including the commission/transport cost (which is 7 USD).

 
Post ID: 125992 15-08-08 16:43:48
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AshwaniG
Senior Desi
Member since: Jul 04




Posts: 1484
Location: Convinient


To buy a 10 gm of gold biscuit as of today from scotia will cost
275$+5 $ ( commission ) + shipping if not picked from Downtown .
If U sell it back to Scotia one will get 241 $ after deducting all fees e.t.c .
So it seems that Gold might be a good investment only for long terms .
Experts please shed more light ..

-----------------------------------------------------------------
Growing Old Is Mandatory ..Growing UP is Optional

 
Post ID: 125998 15-08-08 17:09:35
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HelloG
Senior Desi
Member since: Jan 08




Posts: 338
Location: vasudhev kutumbkam


Scotia Plaza was sold out by 4p.m today ...as told by a friend who said there were many desis in the queue.
Good shopping for Rakshabandhan!


 
Post ID: 126001 15-08-08 17:22:53
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tamilkuravan
Senior Desi
Member since: Jun 05




Posts: 5750
Location: God's own country

Bad decision to buy Gold now
Quote:
Originally posted by AshwaniG

To buy a 10 gm of gold biscuit as of today from scotia will cost
275$+5 $ ( commission ) + shipping if not picked from Downtown .
If U sell it back to Scotia one will get 241 $ after deducting all fees e.t.c .
So it seems that Gold might be a good investment only for long terms .
Experts please shed more light ..



Personally I think it is a very bad decision to buy Gold now. The Gold has not reached the bottom yet. The US$ is raising against major currencies like the Euro and people are pulling the moeny out of oil / gold and putting it into the US$. Oil and Gold go in the same direction and in opposite direction when compared to the US $. If you buy it as an investment in the short term, it is again foolish as you loose 15% in commisions.
I would suggest that you wait for the appropriate time to buy. Like if there is a major explosion in some oil fields/ some supply disruption / very weak data economic data from USA , buy Gold immediately.
No one can tell the bottom but I feel that the bottom is yet to come. Esp. during and after the Beijing olympics will see a slump for oil and thus Gold.
all IMO
Please do your due deligence before buying the yellow stuff.

Peace

-----------------------------------------------------------------
I am a Gents and not a Ladies.

 
Post ID: 126003 15-08-08 17:46:08
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bc2on
Senior Desi
Member since: Jul 08




Posts: 204
Location: Markham


Just one thing to remember, there are also huge sotrage cost if you let them keep it for you, just in case

 
Post ID: 127279 02-09-08 13:03:32
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ftfl
Senior Desi
Member since: Jul 06




Posts: 2335
Location:

Gold...


Today the Gold market hit a low of $790-792 for a brief period. That was the LOW.
But it bounced back to $800. Currently at 804.

It is trending towards $775. But it will be there briefly and looks like a major support point.

Please keep a watch. The next stop will be $750, where the next major supports are.

Freddie.


 
Post ID: 127304 02-09-08 16:05:10
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mkannuri
Senior Desi
Member since: Nov 06




Posts: 409
Location:


Quote:
Originally posted by ftfl



Today the Gold market hit a low of $790-792 for a brief period. That was the LOW.
But it bounced back to $800. Currently at 804.

It is trending towards $775. But it will be there briefly and looks like a major support point.

Please keep a watch. The next stop will be $750, where the next major supports are.

Freddie.



Hi Desi's,
We are back to 760 levels and some experts predicting this might be the lowest fo this year and better to buy if any one is looking for physical.

Any updates or suggestions..
rgds
mrk

-----------------------------------------------------------------
MK

 
Post ID: 127908 10-09-08 13:03:52
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tamilkuravan
Senior Desi
Member since: Jun 05




Posts: 5750
Location: God's own country

Sorry. I differ in my opinion
Quote:
Originally posted by mkannuri
Hi Desi's,
We are back to 760 levels and some experts predicting this might be the lowest fo this year and better to buy if any one is looking for physical.

Any updates or suggestions..
rgds
mrk



Sorry MKannuri,
I differ. The worst is still not over yet and hence there is a very likely chance that Gold may slip even further.
The market is still spooffed by Lehman brother's cash crunch and housing data still proves that the worst is not yet over.
Gold will go low even more in the coming days. They are trying to puch oil below $ 100 a barrel and even towards $80. With the hurracane not hitting the gulf coast / no politcal games, it will be a reality
So please stop buying Gold even at these incredably low prices. You will have a chance to pick it up even lower.
Hope this helps.

Peace

-----------------------------------------------------------------
I am a Gents and not a Ladies.

 
Post ID: 127919 10-09-08 14:44:03
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Contributors:
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