Saturday, 10 November 2012

Free Essays for Competitive Exams-India Post Gold Coin – an Excellent Investment Option


India Post Gold Coin – an Excellent Investment Option

Gold is one of the most precious metals ever mined, an efficient store of value, a sign of credibility, offers high security, liquidity, acts as a hedge against inflation and acts as instrument of long term investment. Pure gold does not rust, tarnish or corrode, can be melted or shaped into almost any design. Gold Coins are a true investment avenue as 10% of savings is recommended to be in gold since Gold retains its value over time and is least prone to risks.

            Gold coins can be used to appreciate for an achievement, gifting purpose on occasions like birth of a new born, wedding occasions especially lower denomination, as a motivation to achieve a particular goal, as a souvenir on anniversaries, birthdays.

            Customers are mostly concerned about the reliability, purity, and packaging of gold coins when they buy these from a local jeweler. Gold Coins from India Post are branded, pure, internationally certified, affordable, reliable, available off the shelf, at a convenient location, anytime of the year and in lower denominations. By selling of branded pure Gold Coins India Post will support and strengthen the customer outlook of a modern India Post Office. High network of Post Offices adds to convenience and easy availability besides huge customer credibility for India Post cuts across all sections of the society. India Post Gold Coins are available with standardized pricing across India.

            In the last few years, the price of Gold has been appreciating by more than 39% p.a. on an average. Considering the return of investments of various deposits, the return from Gold is definitely high. This is one of the reasons why Post Office has started India Post Gold Coin Service. Further, India Post Gold Coins are available in small denominations like 0.5 g and 1 g so that even small investors can consider Gold as an option of investment.

            During the current festive season, India Post is providing a special discount of 7% to every customer. This is a good opportunity for everyone in J&K to consider investment in Gold Coins. Those working in defence services,  a discount of 8 % is given during the festive season.  As a part of this festive season, 11, November 2012 is celebrated as Dhanteras, one of the auspicious days according to Hindu religion. On that day God of wealth, Kuber/Laxmi is worshipped and purchasing of Gold and like things is termed as auspicious.

            India Post Gold Coin Service is available at Srinagar GPO, Jawahar Nagar PO, Leh HO, Leh City SO, Jammu Tawi HO, Viniak Bazar SO, Jammu Market MDG, Rajouri HO, Udhampur HO, Baramulla HO. India Post Gold Coins are 24 carat with 99.99 % purity while as those available in market are 99.5 % pure. These coins are made from Valacambi in Switzerland and they are packed in tamper proof packages. The coins are available in various denominations 0.5 gm, 1 gm, 2 gm, 5 gm, 8 gm, 10 gm, 20 gm and 50 gm. With lower denominations of Gold Coins, India Post taps a wider customer base. The customers redeeming their NSC/ KVP/ Postal Fixed deposits can find Gold Coins as an excellent investment option.
 Tremendous Gold Growth…
10 Gms of GOLD PRICE History for the Last 86 yrs
Year
Price
1925
Rs.18.75
1926
Rs.18.43
1927
Rs.18.37
1928
Rs.18.37
1929
Rs.18.43
1930
Rs.18.05
1931
Rs.18.18
1932
Rs.23.06
1933
Rs.24.05
1934
Rs.28.81
1935
Rs.30.81
1936
Rs.29.81
1937
Rs.30.18
1938
Rs.29.93
1939
Rs.31.74
1940
Rs.36.04
1941
Rs.37.43
1942
Rs.44.05
1943
Rs.51.05
1944
Rs.52.93
1945
Rs.62.00
1946
Rs.83.87
1947
Rs.88.62
1948
Rs.95.87
1949
Rs.94.17
1950
Rs.99.18
1951
Rs.98.05
1952
Rs.76.81
1953
Rs.73.06
1954
Rs.77.75
1955
Rs.79.18
1956
Rs.90.81
1957
Rs.90.62
1958
Rs.95.38
1959
Rs.102.56
1960
Rs.111.87
1961
Rs.119.35
1962
Rs.119.75
1963
Rs.97.00
1964
Rs.63.25
1965
Rs.71.75
1966
Rs.83.75
1967
Rs.102.50
1968
Rs.162.00
1969
Rs.176.00
1970
Rs.184.50
1971
Rs.193.00
1972
Rs.202.00
1973
Rs.278.50
1974
Rs.506.00
1975
Rs.540.00
1976
Rs.432.00
1977
Rs.486.00
1978
Rs.685.00
1979
Rs.937.00
1980
Rs.1,330.00
1981
Rs.1,800.00
1982
Rs.1,645.00
1983
Rs.1,800.00
1984
Rs.1,970.00
1985
Rs.2,130.00
1986
Rs.2,140.00
1987
Rs.2,570.00
1988
Rs.3,130.00
1989
Rs.3,140.00
1990
Rs.3,200.00
1991
Rs.3,466.00
1992
Rs.4,334.00
1993
Rs.4,140.00
1994
Rs.4,598.00
1995
Rs.4,680.00
1996
Rs.5,160.00
1997
Rs.4,725.00
1998
Rs.4,045.00
1999
Rs.4,234.00
2000
Rs.4,400.00
2001
Rs.4,300.00
2002
Rs.4,990.00
2003
Rs.5,600.00
2004
Rs.5,850.00
2005
Rs.7,000.00
2006
Rs.8,400.00
2007
Rs.10,800.00
2008
Rs.12,500.00
2009
Rs.14,500.00
2010
Rs.18,500.00
2011
Rs.26,400.00
2012
Rs.34,495.00

No comments:

Post a Comment