BTW if you want to buy gold as an investment in Canada, you don't really have to buy physical gold bullion bars. It becomes a theft and storage issue..its too risky.
You can just buy gold certificates from the Big 5 banks and others, which charge you the same price as today's gold rate..then you can trade or buy or sell then whenever you want at the rate in effect on that day 
So instead of buying a gold biscuit or gold bullion bar of 99.99 % purity at todays rate, you just buy a certificate worth the same amount at today's rate ..and then sell that certificate later when the price goes up..just like you buy and sell stocks online
I know someone who bought such certificates from Scotia bank.
Location: God's own country
Posted on: 22-07-15 09:51:45
Where are the people who said $ 10,000 for an ounce of Gold and all?
Right now, we are in 1091 $ for an ounce of Gold and it is expected to even slide further.
People like to see Gold. If you give them a paper, they will not like it (unless you are an investor).
Waiting for the Govt. India scheme that may come soon, where in you surrender your Gold. They will melt it and give you a certificate for the grams of Gold given to them. It will carry a interest of 1-2%. When you need the gold, surrender the certificate and get the equal amount grams of Gold in Coins / bullion.
Murali
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I am a Gents and not a Ladies.
If Indian peeps sell all their gold ..plus tons stored in temples etc ..India will do very well. Use that money for infrastructure , hygiene, hospitals etc .
Indian peeps are foolish to have so much gold ornaments etc ..more of a status symbol..especially at wedding, social gatherings, dowry etc 
The fake jewellery looks the same & you can barely tell the difference.
Quote:
Originally posted by tamilkuravan
Where are the people who said $ 10,000 for an ounce of Gold and all?
Right now, we are in 1091 $ for an ounce of Gold and it is expected to even slide further.
People like to see Gold. If you give them a paper, they will not like it (unless you are an investor).
Waiting for the Govt. India scheme that may come soon, where in you surrender your Gold. They will melt it and give you a certificate for the grams of Gold given to them. It will carry a interest of 1-2%. When you need the gold, surrender the certificate and get the equal amount grams of Gold in Coins / bullion.
Murali
Gold prices last 10 yrs in USD per ounce :
http://www.kitco.com/charts/popup/au3650nyb.html
High : 1900.30 - In 2011
Low : 422.90 - In 2005
It was as low as 422 in 2005 , then went to 1,900 in 2011 .
Now back down in 2015 to around 1,100.
So peeps who bought in 2005 & sold in 2011 made as much as 5 times their money in 6 yrs !! ..but peeps who bought at the peak in 2011 & are now selling in 2015 , have lost almost half their value
Fake is for fake people , for the genuine ones , only real gold will do
Gold has always been a symbol of status and wealth .... Recently came to know that Amitabh Bachchan was hosted @ Kalyan Jewelers to dine in their gold dishes / dining set costing INR 65 crores .... Go figure
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Fido.
