Monday, January 4, 2010

Gold BeES

Gold Benchmark Exchange Traded Scheme (Gold BeES) offers investors an innovative, cost efficient and secure way to access the gold market. Gold BeES is intended to offer investors a means of participating in the gold bullion market without taking physical delivery of gold, and to buy and sell on NSE.

The investment objective of Gold Benchmark Echange Traded Scheme is to provide returns that, before expenses, closely correspond to the returns provided by domestic price of gold.

For more details click here!

The current price of Gold BeES is around 1653 down from a 52 week high of 1825. It has a 52 week low of 1281. Gold is one of the best investments to hedge against inflation which has already started creeping up. We would recommend investors to buy GoldBeES between 1500-1600 levels and expect 20% returns from here on in 6 months to 1 year time frame.

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