If you are looking at investing in Gold or Silver then e-gold and e-silver offerred through NESL is a good opition.
In India, Gold is also traded in the form of Gold ETF's. However, in the case of silver ETF's are still not introduced. So you can look at investing in e-gold or e-silver.
Advantages:
In India, Gold is also traded in the form of Gold ETF's. However, in the case of silver ETF's are still not introduced. So you can look at investing in e-gold or e-silver.
Advantages:
- Investing in metals is a safer option as it is not affected by inflation
- Better than ETF's since the maintainence charges, vault charges etc are lesser.
- Option to convert to physical gold.
Disadvantages:
- Need to open a new account for trading in e-gold, e-silver or e-copper.
- Doesnt have a long history, so procedures are yet to finetuned. You cannot convert to physical form in all cities etc. Information about this at the broking houses are also limited.
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