Ofcourse it's online exclusive bro. If they run these offers offline , not only will they cause stampede but they will also put all other jewellers in that city out of business that day.
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Bhima Gold - No Making Charges & Low Gold Rate
That's for people who don't want physical gold . I don't know why ETF and gold fund investing is being suggested as an alternative option for physical gold purchase discussion. Not just here but many other places people suggest this . It does not address the actual scenario.
Even if you invest in ETF or gold fund , when you actually want to buy physical gold , you are gonna depend on these offers only.
Atleast stocking up on gold coins is a valid alternative if you can get them for a good discount or offer.
This is purely for obtaining cc points/rewards.... nothing else.
Buying physical gold for thousands or lakhs , with 0% making charges or discounted making charges is to earn 2% reward rate on a cc?
Gotta love making blatantly dumb statements with no idea why folks do stuff just cause you are assuming things. Not everything we do revolves around cc points. CC points on gold is like a cherry on top of a yummy cake that is filled with 0% making charges and discounted gold rate. Sometimes you never get the cherry, sometimes bank eats the cherry.
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sunit123
TF Legend
If someone has black money, it makes sense to buy physical gold....Otherwise, it is foolish to pay GST and host of other charges while buying and selling gold as it eats into ur returns...Whatever schemes jeweler will run, it is insane to think that he is selling without any profit
Hope following post will clarify all the doubts..30% loss at purchase and around 10% loss at sale
Is Gold Jewellery a Good Investment? Beware 30% Hidden Loss!
Is Gold Jewellery a Good Investment? Learn how wastage, making charges & GST silently eat up to 30% of your money — plus smarter ways to invest in gold.
www.basunivesh.com
Okay.. Just to clarify things, the person who wrote that article is DUMB.If someone has black money, it makes sense to buy physical gold....Otherwise, it is foolish to pay GST and host of other charges while buying and selling gold as it eats into ur returns...Whatever schemes jeweler will run, it is insane to think that he is selling without any profit
Hope following post will clarify all the doubts..30% loss at purchase and around 10% loss at sale
Is Gold Jewellery a Good Investment? Beware 30% Hidden Loss!
Is Gold Jewellery a Good Investment? Learn how wastage, making charges & GST silently eat up to 30% of your money — plus smarter ways to invest in gold.
So you bought 10 gram 916 jewellery i.e 22k, it was valued at 24k rate, but you paid 10* 1000 ( 24k price) while buying and yet only 9.16 * 1000 while seeing? ? So dumb. So stupid.
You buy 22k gold with weight of 10 grams, you paid 1000 rs per gram. correct? In which jewellery is 22k gold jewellery priced with 24k value? The fact that you used this article to put your point across already shows you actually dont understand how things work.
You do realise there is 18k, 22k and 24k gold rates right? If 22k gold jewellery is caluclated based on 24k gold rate why is this distinction provided?
How does it become 9.16 gram gold when selling? its absurd. 22k gold is 916. The weight you buy and the weight u sell is the same, weight isnt recalculated if the jewellery is still 916. You are selling 10gram gold only back. Thats such a dumb calculation. Unless you broke your jewellery, or scraped off some of the gold, its gonna be still 10gram. yes jewellers apply a 2% reduction in value but thats known. Rest is just bullshit. There are exceptions, yes but its not the routine.
The logic he used, will come into picture if hes selling a 22k gold ornmanet for 24k price where the metal mixture value is included. Which is incorrect and absurd. Gold coins are valued at 22k or 24k based on purity when u buy and sell. Jewellery is always calculated at what karat they are valued towards. The article also does not talk about the benefits of schemes or offers. Scheme to ETF comparison atleast makes SOME SENSE but direct comparison is just plain stupidity.
Also, i dont know why u keep ignoring the main focus of this discussion. 0 MAKING CHARGE AND DISCOUNTED GOLD RATE.
When i bought with this offer, day's rate was 8900 while i bought at 8590.
So lets look at en example where i bought jewellry at 0% making charge:
if i buy 10 grams at 8900 with 3% gst, i paid total : 91670
I actually bought at 8590, so with gst i paid : 88470
Now im selling when gold is 8900 with 2% discount : 89000 - 2% discount = 87220. This is what is being done here. The example used assumes gold doesnt appreciate and im selling for same days rate.
Where am i losing 30% ? Not one person in this thread is asking folks to buy jewellery paying making charge. So saying we lose 30% at purchase and 10% at loss is plain incorrect and to speak my mind, foolish/dumb.
Also, the logic that only black money folks should buy gold jewellery is a seriously ignorant point of view. That tells me that folks dont know how to save money or invest properly. Who cares what profit jewellers make? I got mine .
I hate these sort of big number articles that scare people into thinking something is bad . They are trying to pull a point out of the vacuum to make Bonds and ETF look better. ETF and stuff are good if you dont want to buy jewells.
Also, this is india, marriages and functions are determined by jewels. Physical ornaments serve not just as a sign of wealth but also as a financial support for times of crisis for people.
At a marriage function, you want the parents to go and say " Look i had saved up 10 soveriegn or 50 soveriegn worth of gold in ETFs" ?
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Ive understood one thing. People have too many misconceptions or do not actually have experience dealing with jewellery purchase and offers. If you play it right, its such a good way to invest while having a great diverse portfolio.
nikhilv0303
TF Premier
Just to add.. ETF/Funds have an expense ratio of 0.6%-0.7% annually.. so over 5-6 years it nets off GST as well.
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Bhima runs these kinds of offers from time to time. Right now, they’re offering gold at ₹500 less per gram than the market price, with some additional making charges. Earlier, they had a deal with ₹200 off per gram and zero making charges, a nice double dip!
Even better, they accept Amazon Pay Wallet too, making it a triple dip!
Me and @Adith shared this so that fellow members can benefit as well. But whenever we post a good offer as we know, a few members here seem more interested in arguing than helping. The intention is simple, to share something potentially useful. If it helps even one person, that’s good enough.
No one is being forced to buy. If the offer doesn’t work for you, that’s absolutely okay. Just let’s keep things constructive, so this forum stays helpful and welcoming for everyone.
Even better, they accept Amazon Pay Wallet too, making it a triple dip!
Me and @Adith shared this so that fellow members can benefit as well. But whenever we post a good offer as we know, a few members here seem more interested in arguing than helping. The intention is simple, to share something potentially useful. If it helps even one person, that’s good enough.
No one is being forced to buy. If the offer doesn’t work for you, that’s absolutely okay. Just let’s keep things constructive, so this forum stays helpful and welcoming for everyone.
You can keep "THINKING" your opinion is right, but im stating facts. Facts dont care about feelings or opinions.
ETF and other investments are best IF you dont plan to buy physical jewellry.
Schemes are best if you plan to buy large quantities of physical jewellry.
If you want to buy physical gold for investments , coins ( with discount + offers) > Schemes > offers like these.
This is a fact.
This is a great offer if people wanna get their hands on physical gold. I myself have actually made the purchase, shared a post on the same. I also highlighted the risk and best use case for this purchase.
sunit123
TF Legend
ETF units can be converted to physical gold
Yes but you need to redeem large quantities for it to be converted to physical gold. If you are gonna go that route, you can just do a coin or scheme redemption in that instance with your CC rewards or offers easily giving you an edge.
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Fights in nights be like
