Gold: Who Makes Real Profit

#Whatsapp #message

Today I bought it to sell some of my wife's gold on a  Fashion Jwellery, M G Road, 

 Went to fashion jewelry

 At first they said it was not their goldH

He then shows the bill and the marks on the gold and says that the repurchase of gold has been suspended.

Subsequent gold was said to be refunded after a thorough inspection (among the purchased, 916 Bima Gold)

 But the only condition is that you will not be given a 'check'

 When asked to change the check, he said he would receive the money a month later.

It is considered as a safe haven. Many people buy gold.  Many of them are dressed up so that they can sell it almost anytime they need it.  What to say but stupid.

Gold can generally be bought from gold shops but not sold.  If you want, you can give some money there and exchange it.  I walked a bit looking for suitable shops to sell gold. 

The fools who buy gold do not know that no one runs such a shop.  Even if they go to the banks, they will only accept gold as collateral. 

Those who want it can buy it and leave the place quietly.  It is enough to send a notice later and not go for a refund. 

That being said, who then makes a profit with this safe investment?  Let's look at some figures.

See an example :

 One sovereign gold (22ct) - Price -Rs.23,000

 Wage: 4% to 32% (This 32% is for squeezing those who come to get married.

If you give 4%, you will get plain bangles and other fashion items according to the fashions of the old grandmothers. Buy it nowadays?

Put 32%.  Let's see how much it costs to buy a sovereign of gold at an average of 20%

 23, 000 + 32% = Rs .30, 360 Now with the determination to show your love for your wife, give that gold the next day and jump into the excitement of a lover at a nearby gold shop to buy a new model of gold.

 The price of the sovereign is Rs.  23,000.  But with just 22 ct of gold in your hand, 4% will be reduced in the first place. 

That is, the current value of the gold you bought yesterday for Rs.30, 360 is just Rs.  22, 080.  The remaining Rs .8, 280 in one day Govinda !.

Now you have come to buy a new model of gold for a sovereign?  If we add 20% labor cost as mentioned earlier, then 23,000 + 32% = Rs.30, 360. 

The estimated value of the gold in your hand that you are going to pay there is Rs.  22, 080.  The balance to be paid is again Rs.  8, 280 !!!

Now think outside the store.

 What do you have in your hand now?  Answer: A sovereign gold.

 How much did you spend on it yesterday and today?  Answer: Yesterday Rs .30, 360 + Today Rs .8, 260. 

A total of Rs.  38, 620 What is the value of a new sovereign of gold now in your possession?  Answer: Again Rs.  22, 080 then Rs.  38, 620 - Rs.  22, 080 = Rs 16,540 Where is it safely deposited in two days? 

 Answer: In the pocket of the boss!!

The comments posted here or anywhere in our blogspot are not those of UPSC EXPERTS or EXPERT TALKS.  The author is solely responsible for the comments.  According to the IT policy of the  Government of India , insulting and obscene language against an individual, community, religion or country is a punishable offense.  Legal action will be taken against such expression of opinion.