Gold.
Hello stackers , hope you all are doing fine. Today I wanted to show you another physical bullion product I hold from MMTC PAMP.
Check this out .
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I am really sorry for the second picture where the packaging has scratches. It was because I was way too excited when it got delivered and dropped it :).
Just like mentioned earlier, this is a 1 gram lotus bar of gold bought online from a very well reputed refinery MMTC-PAMP which is a swiss refinery operating in India. At first, I was skeptical about purchasing bullion products online but then I came to know that the Royal Mint of U.K has also given their refinery contract to MMTC-PAMP along with few other accreditations that they hold made me buy from them. Their packaging is the most that I like. It comes in a tamper-proof package totally sealed so you will 100% know if someone opened it. It also has a QR code on the package (Not in the pic) which you scan to directly register your product on their database so incase of theft you won't have much problem proving your ownership to the police. The products themselves are expensive than the rest of the country's prices but I'd say it is worth it . This one costed me nearly $81 for a gram which includes 3% tax + delivery and shipping charges. The government is the reason there is a stigma around buying physical gold in India due to taxes and all kinds of charges taken by them. I really hope it changes but even if it doesn't it won't stop me from buying more .. :)
Trade update
If you had read my previous post then you'd know I had a running profit of around $23 for my practice trading account (It is real money).
Well, over the course of days that possible profit have expanded to $40 now and I have shorted one more Index which is Nifty 50.
Have a look.
Since I am only experimenting I was okay with any losses but it is currently going too well, not what I expected.Still I don't want to be over-optimistic and be humble until these trades are closed.
I will provide an update when they are.
Upvote and comment on this post to support my blog. It means a lot. Any suggestions or tips are welcomed as well.
Take care. Peace out.
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