Gold

The Tanishq Gold Rip-Off

Reader @moneybloke (Sunil) writes in (on the Physical Gold Con Job video):

Surprise surprise, just called Tanishq and asked to buy a 50 gm gold coin. here is the lowdown

MCX price of 995 22400 per 10 gms
Tanishq price of 999 2750 per gm
making charges 4.5%

I am guessing that there may be VAT on this as well ( 2%).

Short Takes: The Physical Gold Con Job

How they rip you off when you buy jewellery, or, indeed, physical gold. Actual case from a reader who mailed in.

He exchanged 35 grams of gold for 25 grams of gold (as ornaments) and still had to pay Rs. 4,000 extra! See how it works, and what is a better way to invest in the yellow metal.

(See the Short Takes Video: 7 minutes)

The Physical Gold Con Job

How they rip you off when you buy jewellery, or, indeed, physical gold. Actual case from a reader who mailed in.

He exchanged 35 grams of gold for 25 grams of gold (as ornaments) and still had to pay Rs. 4,000 extra! See how it works, and why jewellery is a terrible investment.

(7 minutes)