There are bond and sgb buying and selling platformshighly long term guys only can think it of
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There are bond and sgb buying and selling platformshighly long term guys only can think it of
anyways gold rate wont go down so SGB tooYes, because there's a 5 year lock in. And in between if there's a fund requirement, Can't do anything.
Yeah. Only if there's extra money lying in the bank can go to sgbanyways gold rate wont go down so SGB too
but lockin is tough for emergency
Well, I am still here. First of all, if they did not make any changes in gold import duty then Sgb would still be a good instrument and I would have recommended it. TBH after the changes, I myself won't recommend SGB now. I would suggest choosing some other instruments to diversify their portfolio. Also I invested in SGB last year June. Let it mature 8 years later. Will meet you 8 years later, I am not going anywhere. I hope this community still exists till then.Here's an update:
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‘Complex, expensive’: Further tranches of sovereign gold bonds unlikely
SGBs: Sources told BT TV that further tranches of sovereign gold bonds are unlikely as it is a complex and expensive instrument.www.businesstoday.in
So, I wonder now where will all the pro 'SGB' guys go?
Said it before, SGB is not gold, it is a govt bond - worth repeating. The govt realized paying 12-15% return as a lender was making no sense, especially when they can issue a bond for 7-8%.
They will remain available in secondary market for several yearsHere's an update:
![]()
‘Complex, expensive’: Further tranches of sovereign gold bonds unlikely
SGBs: Sources told BT TV that further tranches of sovereign gold bonds are unlikely as it is a complex and expensive instrument.www.businesstoday.in
So, I wonder now where will all the pro 'SGB' guys go?
Said it before, SGB is not gold, it is a govt bond - worth repeating. The govt realized paying 12-15% return as a lender was making no sense, especially when they can issue a bond for 7-8%.
Sorry, what changes happened in SGB?Well, I am still here. First of all, if they did not make any changes in gold import duty then Sgb would still be a good instrument and I would have recommended it. TBH after the changes, I myself won't recommend SGB now. I would suggest choosing some other instruments to diversify their portfolio. Also I invested in SGB last year June. Let it mature 8 years later. Will meet you 8 years later, I am not going anywhere. I hope this community still exists till then.
Well, I am still here. First of all, if they did not make any changes in gold import duty then Sgb would still be a good instrument and I would have recommended it. TBH after the changes, I myself won't recommend SGB now. I would suggest choosing some other instruments to diversify their portfolio. Also I invested in SGB last year June. Let it mature 8 years later. Will meet you 8 years later, I am not going anywhere. I hope this communityHere's an update:
![]()
‘Complex, expensive’: Further tranches of sovereign gold bonds unlikely
SGBs: Sources told BT TV that further tranches of sovereign gold bonds are unlikely as it is a complex and expensive instrument.www.businesstoday.in
So, I wonder now where will all the pro 'SGB' guys go?
Said it before, SGB is not gold, it is a govt bond - worth repeating. The govt realized paying 12-15% return as a lender was making no sense, especially when they can issue a bond for 7-8%.
Govt decrease import duty on gold on budget daySorry, what changes happened in SGB?
Ah okay, got itGovt decrease import duty on gold on budget day
I tried suggesting earlier on, that it was not an alternative for gold. The govt saved around ₹9,000 crores by lowering the basic customs duty.Well, I am still here. First of all, if they did not make any changes in gold import duty then Sgb would still be a good instrument and I would have recommended it. TBH after the changes, I myself won't recommend SGB now. I would suggest choosing some other instruments to diversify their portfolio. Also I invested in SGB last year June. Let it mature 8 years later. Will meet you 8 years later, I am not going anywhere. I hope this community still exists till then.
You are saying everything because of what's happened after budget. Fine. You can buy real gold and handle the difficulties and I will still be invested in SGB.I tried suggesting earlier on, that it was not an alternative for gold. The govt saved around ₹9,000 crores by lowering the basic customs duty.
As your portfolio networth increases, in order to maintain your asset allocation in gold - you cannot rely on SGB, even as a proxy now because there are no new issues planned (from what we hear).
Again, we need to think of it from the instrument creator i.e. the govt who is the lender. Why would they want to offer 12%-15% return, when they can launch a soverign bond at 7-8%.
The way it was being presented to the market as an alternative to gold, was, imo, very wrong.
Physical Gold, with its difficulties is still the best. No one controls it, you own it.
Frankly speaking, I agree what govt has done was not morally correct to SGB investor.You are saying everything because of what's happened after budget. Fine. You can buy real gold and handle the difficulties and I will still be invested in SGB.
I was saying it before the budget. Check the thread.SGB is still the best form to invest in Gold!!
SGB is still the best form to invest in Gold
IF you bought physical gold, you would not have to worry about such steps of the govt.
Okay bro.I was saying it before the budget. Check the thread.
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RBI Announces Premature Redemption For Sovereign Gold Bonds Issued From May 2017 To March 2020
The redemption price will be based on the average gold prices from the three business days preceding the maturity date.www.ndtvprofit.com
And now they're going to go ahead and do premature redemptions.
IF you bought physical gold, you would not have to worry about such steps of the govt.
Its optional not automaticI was saying it before the budget. Check the thread.
![]()
RBI Announces Premature Redemption For Sovereign Gold Bonds Issued From May 2017 To March 2020
The redemption price will be based on the average gold prices from the three business days preceding the maturity date.www.ndtvprofit.com
And now they're going to go ahead and do premature redemptions.
IF you bought physical gold, you would not have to worry about such steps of the govt.
Hello CXO,Sorry it isn't. It is a bond.