Gold

October 28, 2016

Happy Dhanteras! Time to buy Gold again!!

Buy Gold in India Online Diwali is an auspicious time for buying gold in India. Goddess Lakshmi is considered as the symbol of wealth and Hindus […]
April 27, 2013

10 facts about the Yellow Metal resulting in its falling portfolio value

Falling Portfolio Value of Gold Following are the 10 facts which give a better understanding of falling portfolio value indicating the story of gold which is […]
April 15, 2013

Indian Economic Survey – Fact or Fiction?

Economic Survey – Facts The pre-budget Economic survey gave a rosy picture indicating the return of happy days for the economy. The GDP growth will take […]
April 9, 2013

Is it the time for Bear Market of Gold?

Golden Bear Market Well it is needless to say that the bullion market has made individual rich. A safe investment with maximum return is all how […]
March 26, 2013

Is Gold the real Villain of Economy?

The rising fiscal deficit in India is a matter of concern for the country but for the government of India it  is the Gold which is […]
March 22, 2013

Dealing with Asset Bubbles

In today’s random and dynamic world, investment is regarded as one of the key methods of saving one’s life. People invest in financial instruments so as […]
February 13, 2013

Analysis of QE3 and its Impact on India

QE3 The recent announcement by the US Federal Reserve to buy US treasuries and mortgage bonds worth $40 billion a month, led to positive gains in […]
February 11, 2013

Impact of QE1 and QE2 on Indian Economy

During the 1st version of quantitative easing, the US Federal reserve bought around $1.45 trillion of mortgage-backed securities and other agency debt. This entire activity took […]
February 8, 2013

The Indian Gold Habit – Reason, Problem & Solution

The Golden Habit in Indians The theme of the article and the only one Golden Rule in the market is: Those who have “THE GOLD” rules. […]
January 26, 2013

The Gold Financing Company in India – Muthoot Finance

Muthoot Finance Muthoot Finance is the largest gold financing company in India in terms of loan portfolio. As the business very well suggests, the company provides […]
January 24, 2013

Gold vs. Equity Market in the last 3 years

Gold vs. Equity Market Shine of Gold is getting brighter with every passing day. In a recent study conducted by Assocham it was found that the […]
January 22, 2013

Hike in India Gold Duty to 6% – Smugglers 1 Deficit 0

India has been trying to reduce its massive current account deficit, which has ballooned sharply due to the massive misdirected fuel and fertilizer subsidies. However the […]
November 24, 2012

Gold – Uses and Interesting Facts

Gold as we all know is currently the most precious element in the world. Gold is very valuable metal now which is used in jewellery and […]
November 16, 2012

Gold Trading in India sees 81% jump to 4 tons on auspicious Hindu gold buying “Dhanteras”

Surge in Gold Buying India which is the second largest buyer of gold in the world saw a massive jump in gold ETF trading on the […]
May 10, 2012

E-Waste in India grows by more than 500% in 7 years

India’s fast growing middle and upper classes are consuming electronic gadgets at an astounding rate.The replacement cycle has also decreased dramatically as growing disposable incomes means […]
December 7, 2011

Which is Best Place to Invest Money in India in 2012 – Bonds,Stocks,Gold or Real Estate?

Investing Money in India right now is a very confusing matter given the large number of choices and the lack of attractiveness of different assets due to different reasons.There are hundreds of voices seemingly intelligent but who are selling their own books.If you turn on the finance new channels they will keep saying buy stocks for the long term as if a normal investor can make money by buying stocks for the short term.Gold proponents will say that it has been a great investment over the last several years and with the US,European systemic shocks it will remain so.However the rapid uptrend in gold prices has made it a somewhat risky investment.Investing in Gold is also not easy given the wide array of choices like Gold ETFs,physical or futures.So lets see each asset class with its pros and cons
November 4, 2011

Gold Bees ETF India Review

The Bees lineup of ETFs was started by Benchmark Asset Management Company which was a unique Indian AMC in the sense that it focused on ETFs at a time when the major Indian AMCs did not care a hoot.However ETFs in India are starting to catch on rapidly as Indian mutual funds under perform despite their very high expense ratios.Recognizing this trend of growing AUM of ETFs,Goldman Sachs acquired the still small Benchmark.With effect from 14th July 2011, both Benchmark Asset Management Company Private Limited and Benchmark Trustee Company Private Limited became a part of the Goldman Sachs group. Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. It was founded in 1869 & is one of the oldest and largest investment banking firms.
November 1, 2011

Axis Gold ETF India Performance, Assets under Management, How to Trade, Risks Associated

The Axis Gold ETF started in 2010 under the NSE Symbol AXISGOLD.The Scheme endeavors to generate returns that are in line with the performance of gold, subject to Tracking Errors. The corpus of the Scheme isinvested in Gold Bullion of fineness - 995 parts per 1,000 (99.5%) or higher. Further, the Scheme may also invest in gold related instruments (including derivatives related to gold) as per SEBI guidelines.
November 1, 2011

HDFC Gold ETF Review and Details on Expense Ratio,Performance,Buying SIP and NSE Symbol

HDFC Gold ETF along with Kotak and Gold Bees are one of the best gold etfs to invest in India and provide a sharp contrast to the worst ETFs like SBI and Axis Bank.HDFC Gold ETF has the added advantage of being one of the largest Fund Houses and is a subsidiary of one of the largest private banks with a great distribution strenght and reputation.It is also one of the few mutual fund ocmpanies which is offering a SIP on the Gold ETF unlike many others.Expense Ratio is also one of the lowest in the industry at 1% . All in all HDFC Gold ETF is a good buy if you are thinking of putting money in gold through ETF.
October 27, 2011

SBI Gold ETF (GETS) – Details/Information of Mutual Fund ,Plan Charges,Scheme Expense Ratio,Buying Online SIP

SBI GETS is an open ended Gold Exchange Traded Scheme. Even though this is an open-ended scheme, investors need to buy & sell units of the scheme on the stock exchanges where these units are listed for liquidity at the market price, subject to the rules and regulations of the exchange. The Scheme opened on March 30, 2009.The investment objective of the fund is to seek to provide returns that closely correspond to returns provided by price of gold. However, the performance of the scheme may differ from that of the underlying asset due to tracking error. The benchmark is the price of the Gold. Special Products SIP, SWP, STP are not available. No dividend would be declared under the Scheme unlike Reliance Gold ETFThe SBI GETS Expense ratio is 2.5%.This is one of the highest expense ratios in the industry much higher compared to other Gold ETF Fund products like Kotak or Goldman.The reason of this expense ratio is not apparent since passive investment in gold does not require such high expenses.This is a deal killer from SBI Asset Management and I would strongly recommend never to buy SBIGETS unless SBI reduces this expense ratio
October 25, 2011

Kotak Mahindra Gold ETF Review and Analysis of Returns,Expense Ratio,Dividends, Price Performance History, and how to buy SIP

Kotak Mahindra which is one of the biggest private banks with operations in almost all aspects of Finance like Investing Banking,Wealth Management has launched a good Gold ETF products as well.It is an open-ended gold Exchange Traded Fund, which invests in physical gold and tracks the domestic spot price of gold as closely as possible. Units of the scheme listed on stock exchanges and can be easily traded in demat form. Each unit of the scheme is approximately equal to 1 gram of gold. Units of the schemes are backed by physical gold held by the Custodian - Scotia Macotta. All physical gold held with Scotia Macotta conforms to the London Bullion Market Association’s (LBMA) rules for Good Delivery. The investment objective of Kotak Gold ETF is to generate returns that are in line with the returns on investment in physical gold, subject to tracking error.
October 23, 2011

Gold ETF Funds in India Guide – Best and Worst NSE Gold ETF ,Comparison amongst SBI,Reliance,Kotak,HDFC,UTI,Axis,Benchmark and Should you do a Gold ETF SIP

I had written about the best way to invest in gold in India looking at the different ways of buying physical gold and gold etfs.There was also the option of investing in gold mutual fund which invest in gold mining companies as well as looking at whether to buy gold from banks or you were better off buying gold from your neighbourhood jeweller.Alll the options of buying gold have their advantages and disadvantages.Gold ETFs have become the fastest growing segment of buying gold in India with most people prefering teh convenience and ease of buying gold the demat way.Note only does it have the security and storage advantages,it is also easily saleable without a huge transaction costs.Its no wonder that most asset management companies in India have launched gold etf products to take advantage of the growing trend of buying gold Etfs in India.SBI and UTI,two of the oldest government owned mutual fund houses in the country too have started gold etfs besides the private companies.Benchmark Gold Bees remains the oldest gold etf in the country and is looking to gain marketshare after Goldman Sachs bougth the company.IDBI has joined the gold etf party becoming the latest AMC to start a gold ETF.There is little to distinguish these Gold ETFs from each other since they don't have any active management and are mostly linked to the price of gold.The best gold etf is the one which has the least tracking error and the lowest expense ratio.I don't have a favorable opinion of the mutual fund etfs in India since they charge very highly and there is lack of variety and liqudity in the Indian ETF market.
July 8, 2011

Reliance Gold ETF – Review of Performance(NAV History,Symbol),Holdings,Expense Ratio,Investing in SIP

Reliance Gold ETF is an open-ended Gold Exchange Traded Fund. It started on 22nd November 2007. The investment objective is to seek to provide returns that closely correspond to returns provided by price of gold through investment in physical Gold and Gold related securities .The prices of Reliance God ETF is affected by several factors such as global gold supply and demand, investors’ expectations with respect to the rate of inflation, currency exchange rates, interest rates, etc. Minimum of one unit can be traded by the investors.The Creation Unit is 1000 units that is if you have 1 kg of gold ETF that is about Rs 26 lakhs you can exchange your paper gold into physical gold from the AMC.
July 7, 2011

UTI Gold ETF Analysis of Assets,Value,Volume,Dividends,Expense Ratio,How to buy goldshares Online

UTI Gold ETF is a bad Gold ETF with bad performance and bad expense ratio.It makes no sense at all to invest in Goldshare.There is no reason for such a high expense ratio in a passive fund which provides no investing expertise or great advantage.You are better off buying HDFC Gold ETF or Kotak Gold ETF.UTI despite being the oldest mutual fund house in India has come up with a very bad Gold ETF offering.You are best advised to look at the following Gold ETF to make an investment. Best Gold ETF Fund in India Goldman Sachs Gold Bees Kotak Gold ETF Fund HDFC Gold ETF
July 2, 2011

Ernst and Young (E&Y) in Indian Corruption Investigation as awards itself Technology Tender for Indian Government Corporation Bank – Accounting Big 4 losing pristine image (PWC Satyam Scandal)

Note corruption is nothing new for the Big 4 firms with another one PriceWaterhouseCoopers caught red handed in the massive billion dollar Satyam corruption scam.Two of the partners of PWC were sent to jail in the fraud which involved cooking the books for almost 8 years.Having a Big 4 auditor is a must for any well known big public company.However the reputation of these Big 4 continues to get besmirched with newer scandals.It does not take a rocket scientist to guess that bribes were involved as rules were circumvented and Corporation Bank top brass was also involved.Government Tenders are a massive hotspot of corruption as they are opaque and powers rest with a few.Lack of transparency results in massive embezzlement of taxpayer money.Corporation Bank.Note Relaince India's biggest company is facing an investigation along with the oil and gas regulator DGH.Recently LIC Housing Finance one of India's largest housing finance companies was involved in a scam as well alongwith top official form other PSU Banks for taking bribes.This resulted in a massive stock price fall for a number of these companies.Expect Corporation Bank stock to take a similar dive hurting the shareholders.Investing in the Indian stock market has become more dangerous than ever where a corruption scam hides under every stone.Government companies which are considered safer by investors too are being proved problematic with PSU CEOs now being jailed for scams.India's largest aluminum company NALCO CEO has been jailed for accepting gold bricks in bribes
June 30, 2011

Metal Recycling Importance increasing with Green credentials, Peak Everything and Rising Prices (Metallum,CMA)

This has started to make smart money increasingly interested in metal recycles.KKR the leading PE firm has made a $95 million dollar bet acquiring a leading metal recycler CMA. First Reserve followed suit soon afterwards with a 10 time bigger bet buying Metallum.Note e-waste recycling has become a highly profitable business as well both due to increasing government regulation and rising realizations from the useful products like gold,silver,copper extracted after recycling.Recycling is a Green alternative to extracting metal from mining as it uses less money,effort,energy reducing GHG emissions.
May 14, 2011

Electronic Waste Recycling – Process,California E-Cycling Fees and Act of 2003 as USA Shockingly has failed to Pass a Federal E-Waste Law

Electronic Waste is a massive problem in the Developed and Developing world with Thousands of Tons of Hazardous Electronic Waste being generated each year.With Electronics getting more ubiquitous and costs falling rapidly,Electronic Waste Problem is only going to increase.E-Waste is responsible not only for releasing dangerous substances into the environment it also causes deaths and injuries to poor in countries like India,China and Africa who are forced to work in extremely bad conditions.Electronic Waste Recycling is the need of the hour but the governments around the world have not pushed hard enough.Europe has been at the forefront with the WEEE directive passed in 2002 while USA has been a laggard as usual failing to prevent toxic waste from being dumped in landfills and shipped to poor countries with lax environmental regulations.Electronic Waste Recycling Act of 2003 has been passed in California which again as usual has been leading the federal government on clean technology legislation.
May 13, 2011

Electronic Waste Recycling Companies – Profitable Green Business

Electronic waste is defined as loosely discarded, surplus, obsolete, or broken electrical and electronic devices.It consists of secondary computers, electronics,LCDs,computers,mobile phones etc which have been discarded or thrown by the owners.The rapid decline in the cost of semiconductors due to Moore's law has led to a rapid increase in the size of the electronics industry which is more than $1 trillion dollar globally.Millions of electronics items are thrown out each year leading to mountains of Electronic Waste.If not treated and Recycled,E-Waste can be hazardous to the environment and lead to wastage of precious materials which can be reused.Lost electronic devices contain a variety of materials, including metals that can be recovered for future uses. By dismantling and providing reuse possibilities, intact natural resources are conserved and air and water pollution caused by hazardous disposal is avoided.Electronic Waste Recycling companies are quite disorganized without major global e-recycling companies.The E-Waste Manageress industry still consists mainly of thousands of workers in developing countries like India where they continue to work in dangerous conditions.1,200 small companies generated revenue of around $5 billion last year.This is expected to treble by 2015 as more countries make electronic waste management compulsory and the sheer volume of electronics grows (think iPads)
May 10, 2011

Electronic Waste Management Companies in India – List of Units,E-Waste Pollution and Recycling Advantages

E-waste generally consists of obsolete devices such as DVDs, CDs, floppies, tapes and electronic components including chips, processors, mother boards, printed circuit boards and industrial electronics. E-waste contains many hazardous substances like heavy metals, PVC plastics, brominated flame retardants.When disposed off in a landfill, it becomes a conglomeration of plastic and steel casings, circuit boards, glass tubes, wires, resistors, capacitors, fluorescent tubes, and other assorted parts and materials. It is both valuable as a source of secondary raw material, and toxic if treated and discarded improperly. he USA discards 30 million computers each year and 100 million phones are disposed of in Europe each year. The Environmental Protection Agency estimates that only 15-20% of e-waste is recycled, the rest of these electronics go directly into landfills and incinerators.India's rapidly growing economy generates more than 500,000 tons of electronic waste every year, a number expected to reach 1 million tons by 2012. The obsolete computer and cellphone parts are dismantled, refurbished and recycled manually by hundreds of thousands of unorganized villagers across the country.
February 28, 2011

New Trend in Indian Corruption – PSU Bosses prefer Gold Bricks as Bribes

Corruption in India has taken massive proportions with a new scam being unearthed almost every day .However this has not metered the architects of corruption in India from continuing their looting spree.While the 2G Telecom Scam throws up new looting revelations,newer corruption scams are also competing for newspaper inches.Investing in the Indian stock markets is at best a hazardous activity with most of the promoters trying to fleece shareholders.Mid cap and small cap scams have already resulted in massive losses.Now investing in India's largest companies belonging to the main Nifty Index has also become dangerous.While the scam related to the ADAG Group has already resulted in 80-90% fall from the peaks of the companies of this group,others are joining in.Nalco which is a government owned integrated aluminum producer was thought to be one of the safest companies to invest in.However even this company has fallen.The CEO of the company was found taking bribes in the form of gold bricks in return for favors.