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Which is better investment GOLD or DIAMOND ?

***GOLD***

Properties of gold as a metal include that it does not rust or corrode, is malleable, and has superior ability to conduct both heat and electricity. Though it has some industrial applications, is largely used as a base for currency and jewellery.

***GOLD RESERVE***
Central banks all over the world also use gold reserves as a form of investment. However, as an investment class, demand for gold is determined by sentiment more than supply and demand principles. Since the supply of new gold mined is much lesser than the amount of gold held by individual hoarders, the price of gold falls when hoarders feel like selling.

***PHYSICAL YELLOW METAL***
There are more advantages to gold when buying it physically. It has no counterpart risk, meaning the value of it will never be zero. It is private and confidential in terms of no one knowing that you own it.

CASH FOR GOLD
Gold is also liquid and portable, making it easy to authorized resale places. Investments in gold can be liquidated much faster than other physical assets, It is also easier to store and comes with low maintenance and carrying costs.

***PROTECTION***
Gold can also protect an investor’s portfolio during a time of crisis. Looking at the graph below, The value of gold doesn’t correlate with the market. When stock market declines, gold has rise more than actually fall in value.

**SAFE HAVEN**
Gold is a natural safe haven when a crisis occurs and fear is rising. Gold ensures that if more people look to invest in times like those, then the prices substantially increase. Gold offers massive profit given the “precarious nature of our economic, financial, and monetary systems”

**DIAMOND**

When you buy diamond jewellery, you don’t get diamonds for its entire value. For instance, on purchasing a diamond worth Rs 50,000, about 17 percent goes towards gold charges (as part of jewellery), another 8 per cent towards making charges and another 3 percent as GST. So, effectively, only 72% of the purchase value is allocated towards buying diamonds.

Making charges are a form of mark-ups and over the years it has supposedly increased to help support diamond rates in the market. So, when you sell diamond jewellery, you will get value only for diamond and gold (mostly at a discount to current rates), while foregoing making charges and government taxes. This will further dent diamond’s price performance.

**Poor Secondary Market**

Unlike gold or silver, which has a very liquid secondary market, it is not easy to sell diamonds. Except for some large retailers, there are no transparent mechanisms of pricing or a system of buy-backs. A precious metal like gold is fungible and liquid. It could be stored and sold anytime in the market. However, that couldn’t be said about diamonds.

**Bigger is Better**

A one carat solitaire (single diamond piece) ring is more expensive than a 25-stone cluster ring. That’s because larger stones are rarer than smaller stones of the same quality. Moreover, if you are in the habit of buying many diamond rings – probably you stand to lose. Diamond prices usually rise in proportion to their size. Some experts in fact advise buying diamonds upwards of a carat. However, that might not suit everyone’s pocket.

**In a Nutshell**

Diamonds might be a girl’s best friends. However, its poor price performance and an illiquid secondary market make it a poor investment candidate. So, buy diamonds only for once-in-a-lifetime gifting and nothing more. Adopt equities or other financial asset classes for meeting your investment goals.

In short, investing in diamond would have eroded your wealth in the past decade. Gold in comparison did relatively better – it was up 84% during the same period, while equities (Sensex) gave a return of 141 percent. Equities gave an inflation-beating CAGR of 9-10% for its investors.

diamond
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July 2, 2020
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LOCKDOWN easing plans boost risk appetite

Gold fell nearly 1 per cent on Tuesday as LockDown easing plans boost risk appetite by some countries easing coronavirus-induced restrictions, although recession fears and hopes for more stimulus kept the bullion near the $1,700 level.

Spot gold eased 0.7 per cent to $1,702.00 per ounce by 0701 GMT, after falling as much as 1.4 per cent during the session. US gold futures fell 0.4 per cent to $1,716.20 per ounce.

Some countries, including Italy and New Zealand, announced an easing of lockdowns and more parts of the United States looked set to restart business.

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Gold max
April 28, 2020
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Gold falls-2% as investors drive to cash

Gold Falls – 2% on Wednesday as investors dumped precious metals in favour of cash after additional stimulus measures by the United States failed to calm markets hit by mounting fears over the economic downside from the coronavirus.

Spot gold was down 1.9% to $1,499.59 per ounce by 10:59 a.m. EDT (1459 GMT). U.S. gold futures were down 1.6% to $1,501.10.

Gold continues to suffer from risk-off panics in the market, trading back below $1,500 level as S&P futures gave up stimulus driven gains.

Gold falls
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March 19, 2020
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GOLD PRICES ROSE 0.3%

Gold prices rose on Wednesday, after surging more than 3 per cent in the previous session.

As the US Federal Reserve cut interest rates to help soften the economic blow from the coronavirus outbreak.

FUNDAMENTALS

Spot gold climbed 0.3 per cent to $1,644.97 an ounce by 0052 GMT.

Having registered its biggest one-day percentage gain since 2016 gold prices in the previous session

G7  finance ministers and central bank governors said on Tuesday :

They would use all appropriate policy tools to achieve strong, sustainable growth and safeguard against risks from the virus, which has fuelled global recession fears.

The World Health Organization warned

Of a global shortage and price gouging for protective equipment to fight the epidemic and asked companies and governments to increase production by 40 per cent as the death toll mounted.

 

Palladium slipped 0.4 per cent to $2,490.62 per ounce, while platinum was up 0.1 per cent at $875.62.

Silver rose 0.3 per cent to $17.22 an ounce.

Demand for platinum from the auto industry will rise this year for the first time since 2016

But  it won’t be enough to offset a decline in investment buying, leaving the global market in surplus again, the World Platinum Investment Council said.

 

 

 

 

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Gold max
March 4, 2020
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7-year high on profit-taking GOLD PRICES -FALLS

Gold prices fell 1 per cent on Tuesday as investors chose to pocket profits after the metal hit a seven-year high in the previous session, although growing fears over a spike in new coronavirus cases outside of China capped bullion’s losses.

FUNDAMENTALS

Spot gold was down 0.7 per cent to $1,649.49 per ounce by 0132 GMT, having touched a session low of $1,642.89.

ASIA MARKET

ASIAN shares extended losses amid fears the virus was rapidly mutating into a pandemic that could cripple global supply chains and wreak far greater economic damage than first thought.

CORONA VIRUS

The death toll climbed to seven in Italy on Monday and authorities sealed off the worst-affected towns, closed schools and halted the carnival in Venice, where there were two cases, while several Middle East countries were dealing with their first infections.

FINANCIAL MARKET

Financial markets on Monday ratcheted up bets the US Federal Reserve will be pressed to cut interest rates to cushion a feared hit to economic growth from the epidemic.

PROFIT TAKING

Bullion rose to a more than seven-year high of $1,688.66 in the previous session.

US gold futures fell 1.5 per cent to $1,651 an ounce.

The 1 per cent fall of Gold prices was because of margin calls but definitely that has triggered an added wave of profit-taking

 

 

 

 

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Gold max
February 25, 2020
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Gold deposits found in Uttar Pradesh

After two decades of painstaking research,

the Uttar Pradesh Directorate of Geology and the Mining and Geological Survey of India

have discovered two goldmines —

one each at Son Pahadi and Hardi village — in the state that could collectively possess 3,350 tons of gold ore.

 

The gold deposits together could be five times that of India’s current reserves.

In Son Pahadi the gold deposit is estimated at approximately 2,943.25 tonnes,

while almost 646.15 tonnes could be found at the Hardi field.

India’s current gold reserves is around 626 tonnes.

The gold at both deposits could amount to approximately Rs 12 lakh crore.

Gold deposits found in Sonbhadra district by Geological Survey of India and Uttar Pradesh Directorate of Geology & Mining. K K Rai,

District Mining Officer says,

“Government is thinking of putting these deposits on lease for mining, for which survey is being done”. (20.02.20) pic.twitter.com/mgC7QW4Ufo

According to officials, a seven-member team tasked with geo-tagging and mapping goldmine areas visited Sonbhadra on February 20.

Officials claimed that the mineral-rich mines of Sonbhadra are easy to dig

give their geographical position as they are mostly situated on hillocks.

 

The officials believe that the government will begin the auction process once compensation payout and necessary approvals are granted.

Gold mine in UP
Gold max
February 21, 2020
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Compulsory gold hallmarking

The lack of awareness among jewellers in understanding

the hallmarking law is key to its slow progress.

Also, some jewellers feel that piece-wise inventory will be required

to be kept in mandatory hallmarking regime,

but the fact is that description of each piece sold is only to be given while making invoice for the customer.

The  initial response to compulsory hallmarking of gold jewellery and artefacts

from January 15, 2020 has been lukewarm in the unorganised gold trade.

Industry insiders said lack of awareness about the law was one of the reasons for this.

The faster jewellers ensure hallmarking,

the better it is for consumers,

who will not be duped while purchasing their favourite piece of jewellery.

Consumers living in small cities, towns and rural parts of the country

suffer on the gold purity front as many jewellers do not offer hallmarked jewellery.

Rural India accounts for 60per cent of the country’s gold consumption of 800-850 tonnes a year.

From January 15 next year, jewellers will be allowed to sell only hallmarked jewellery

and artefacts made of 14-, 18- and 22-karat gold.

Any violation would attract penalty and imprisonment of one year.

 

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Gold max
February 17, 2020
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10 Things You Didn’t Know About The Republic Day

10 Things You Didn’t Know About The Republic Day On 26th January

  1. What does Republic mean? Republic refers to a state in which the supreme power lies in the hand of the subject or people and they elect a representative to run the state. It also refers to “no monarchy” and our constitution adopted a Democratic government.
  2. The Indian Constituent Assembly adopted the Constitution on 26th November 1949 and it came into real effect on 26th January 1950 -Republic Day .
  3. One may ask why 26th January was selected as the Republic Day? It is because it was on this date in the year 1930, Indian National Congress proclaimed a “Purna Swaraj” or Complete Freedom opposing the British Government.
  4. Till the time, the Constitution was at the drafting table, the state was following the colonial Indian Government of India Act. Thus, the head of the state was an appointed Governor-General and not an elected President.
  5. As the Constitution came into being, Dr. Rajendra Prasad became the 1st President of India.
  6. Do you know that the Indian Air Force was known as the “Royal Air Force”? On this day, this word “Royal” was dropped from the name and the new name was Indian Air Force.
  7. The whole nation waits to watch the Republic Day Parade on Television on 26th Several people have been the guest of honor for this Republic Day Parade. Do you know who the 1st guest of this Parade was? It was the then Indonesian President Sukarno in the year 1950 who graced this event.
  8. The Constitution of India is the longest one in the world. The makers of the Indian Constitution copiously read all the Constitutions of all the independent nations from four corners of the world and incorporated all the good things here. For example, the 5-year plan was taken from the Constitution of USSR while the division of power between the Union & the State was taken from the Constitution of Canada.
  9. 21 gun salutes follow the act of the President of India hoisting the National Flag on 26th January.
  10. This Republic Day celebration is a three day affair. It ends with “Beating the Retreat” – a military ceremony held on 29th

 

Republic day
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January 26, 2020
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RHODIUM OUTPERFORMS BITCOIN With 220% Gains

BITCOIN/RHODIUM

Everyone’s always comparing Bitcoin to gold. However, other precious metals rhodium have shown significant promise due to their rarity and how costly they are to find.

MYSTERIOUS METAL RHODIUM

Rhodium is one standout that has seen incredible price movement this past year and exceeded all expectations. It’s even left Bitcoin in the dust. The precious metal was trading at around $2,500 per oz. at the beginning of 2019 and has since surged to around $8,000. That’s a shocking gain of around 220% for just the year alone. Bitcoin, on the other hand, had more modest returns by comparison. The leading cryptocurrency rose from around $3,800 to $7,200 in 2019, a return of about 89% or so.

 OUTPERFORMING

In the past four years, rhodium has broken all expectations. The metal has risen 12-fold in the past four years, outperforming all major commodities and currently even Bitcoin. This is due to its high demand in the automobile sector and its rarity which leads to wild volatility. Rhodium is used for electrical contacts and catalytic converters in cars. It can also be used in nuclear reactors to measure neutron flux levels.

 DEMAND RHODIUM

Rhodium, however, is difficult to come by to acquire and trade. The precious metal’s demand will likely continue to grow, but supply is struggling to keep up. Global production is currently at around a 10th of platinum or palladium, according to Bloomberg. South Africa currently accounts for more than 80% of global output which has led to a massive mining boom in the country.Still, rhodium looks to have bested Bitcoin in 2019 despite the fact that most investors have never even heard of it.

 PRICE RALLY

It’s unclear whether the precious metal can continue this price rally, but it might be time for Bitcoin fans to start keeping an eye on this sought-after commodity. It may have more room to shine as automobiles look for more efficient exhaust emission controls.

courtesy:beincrypto

 

Rhodium
Gold max
January 16, 2020
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Gold dealers in India offered a discount last week due to plentiful supplies

Gold prices inched lower on Monday as investors moved to riskier assets following the announcement of an interim deal between the United States and China that cooled a 17-month-old trade dispute.

Spot Gold

Spot gold was down 0.1 per cent at $1,473.88 per ounce, as of 0050 GMT. US gold futures were down 0.2 per cent at $1,478.60.

TRADE AGREEMENT
The “phase one” trade agreement was announced on Friday and on Sunday US Trade Representative Robert Lighthizer said US exports to China will nearly double over the next two years although officials are yet to decide a date to sign the agreement.

TARIFFS IN CHINA

The United States suspended some tariffs on Chinese goods that was due to go into effect on Sunday, while China State Council’s customs tariff commission said it had dropped its plan for additional tariffs on some US goods.

 

ASIAN MARKET

Asian shares rose as investors breathed a sigh of relief after a thaw in tariff war.

 

US ECONOMY
The US economy is doing well and looks set to stay that way next year, two top Federal Reserve policymakers said on Friday, remarks that suggest they are content to leave interest rates where they are However, data from US showed on Friday retail sales increased less than expected in November as Americans cut back on discretionary spending despite a strong labour market.

 

BREXIT
In the UK, British Prime Minister Boris Johnson will “get Brexit done” by Jan. 31 and then agree to a new trade deal with the European Union by the end of 2020, cabinet office minister Michael Gove said on Sunday.

COMEX
Speculators slashed their bullish positions in COMEX gold in the week to Dec. 10, data showed.

INDIAN GOLD MARKET
Gold dealers in India offered a discount last week due to plentiful supplies and slack demand during the wedding season, with other regions in Asia expecting improvement in buying ahead of the Christmas and Chinese New Year festivities.

PALLADIU -PLATINUM -SILVER  MARKETS
Elsewhere, Palladium rose 0.6 per cent to $1,941.09 an ounce, silver shed 0.1 per cent to $16.92 per ounce, while platinum fell 0.2 per cent to $926.08.

 

sell old gold for cash
Gold max
December 16, 2019

 

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    Hi, My name is ... I need to sell 22k hallmark-916-old gold in Chennai , also like to know the proceedures...