I don't know about you, but I would like to be able to see my gold and to hold it in my hand, if I wanted to.
So if you like buying pretend gold as figures in a computer somewhere, by all means go ahead and buy digital gold through an ETF or through a Forex currency broker somewhere.
You will probably get burnt sometime in the future with the schemes some of the financial people come up with.
Not my cup of tea and probably not yours either I'm guessing.
It begs the question... Would you trust someone else to keep your gold safe when you don't know them from a bar of soap?
A resounding NO would have to be the answer to that!
There is all sorts of ways to buy digital gold in the world via Gold Funds and on the Forex Currency market. You know, none of the gold is real. You never see it. You are buying thin air.
If times get tough those funds and currency brokers just shut up shop and rip the profits out before you get your digital gold out in paper or digital money. They have no gold stored so you can't get gold delivered to you. Sob sob!
You see the trouble is they never had the gold to start with. It's actually a huge global con and one that any sensible sane person would never get involved in as far as a rock solid investment in REAL GOLD is concerned. The saying all that glitters isn't necessarily gold is very true.
So... lets just forget about the pretend gold that doesn't exist, except as digits in computers. That's for the HIGH RISK takers not the long term Network Marketers who see the value in REAL GOLD.
But by all means go ahead with Forex gold trading or buying through foreign ETFs if you have a very big appetite for very high risk trading.
As far as a gold investment is concerned how much of your capital should you put into gold?
The simple answer to that is around 20% of your net worth should be allocated to gold. If you own genuine 99.999% pure gold and it is stamped as such you can sell that any time you want to and you will be paid what the buy price of the gold is on that particular day.
So that is why buying certified pure gold, of absolute 999.9 purity is the most important way to buy and hold your gold. It can be sold for the gold price whenever you want to sell it.
So to answer the questions posed at the top of the page click the button below
What is the best and simplest way to build anMLM Business in India?
How to invest in pure GOLD online and build a Network Business?
How can I buy in physical GOLD online in India with an MLM business?
What other GOLD options are available online to Indian Network Marketers?
Gold Jewellery Shops India Hammered by Law Change
NEW DELHI: The cash crunch following the withdrawal of high-value notes by the Indian government contributed to a sharp fall in gold demand in the world’s second biggest consumer of the yellow metal last year.
Gold demand dropped 21% to 675.5 tonnes last year from 857.2 tonnes the previous year due to demonetisation and increased scrutiny of large jewellery deals in cash, the World Gold Council (WGC) said Friday.
It said Indian demand faced a raft of challenges throughout the year, including regulatory changes, culminating in the surprise demonetisation policy, which severely hampered demand in both the jewellery and retail investment sectors.
“In spite of resilient consumer demand in the fourth quarter of 2016, the two leading gold markets, India and China, both experienced a drop in consumer buying in 2016, falling 21% and 7%, respectively,” the WGC said in a statement.
Jewellery demand in 2016 was down by 22.4% to 514 tonnes compared with 662.3 tonnes in 2015.
Jewellers in many parts of India shut their shops for many days to avoid raids by tax authorities looking for high-value deals by people trying to convert their currency hoard into gold.
On Nov 8 last year, India made all 500-rupee (US$7.40) and 1,000-rupee notes invalid and issued new currency notes of 500 and 2,000 rupees.
The move was seen as an attack on unaccounted wealth and shadow economy.
People were given 50 days to deposit old currency notes into their bank accounts.
The country is still experiencing the shock of that decision, with most businesses reporting significant fall in retail sales.
With inadequate banking facilities, rural India and small towns have been the hardest hit.
Weddings, which account for a big chunk of India’s gold sales, were disrupted.
The World Gold Council expects the market to remain weak in 2017.
“The Indian market faces a challenging time in 2017. We anticipate many of the headwinds that affected demand in 2016 to continue into this year.
“But we are confident that the government’s move towards a more transparent gold market will ensure that gold remains an important asset class for millions of people in India,” said Alistair Hewitt, head of market intelligence at the WGC. - Bernama
Read more at http://www.thestar.com.my/business/business-news/2017/02/03/currency-ban-hits-gold-demand-in-india/#pBLkxROPhpwgyZmv.99