Gold for a penny?

cohodk

https://www-yahoo-com.cdn.ampproject.org/v/s/www.yahoo.com/amphtml/finance/news/indians-buying-gold-little-one-220000613.html?amp_js_v=0.1#referrer=https://www.google.com&amp_tf=From %1$s

Would it work here?

ChrisRx

That's amazing. Yahoo is still around.

Too bad they can't take delivery on 1 rupees-worth. That'd be a sight to see (or not...)

Timbuk3

Interesting concept !!!

Hemispherical

3200 rupees = 1 g of gold

1 g gold = 1,000,000 micrograms of gold

1,000,000/3200 = 312.5

So for 1 rupee you get 312.5 micrograms of gold.

Whew, what a long way to get gold.

ricko

Not for me....I like to see my gold, hold it if possible, then just pay cash and walk away. Or, I do buy some online from known resources. Cheers, RickO

cohodk

@Hemispherical said:
3200 rupees = 1 g of gold

1 g gold = 1,000,000 micrograms of gold

1,000,000/3200 = 312.5

So for 1 rupee you get 312.5 micrograms of gold.

Whew, what a long way to get gold.

Is it an idea of desperation?

MsMorrisine

no

blitzdude

No doubt India is still hoarding the gold. Government regulations forcing the sheep buy into the worthless paper Ponzi Scheme. I bet over half of Indias gold import goes unreported. Yahoo idiots, no sh@! the market is small. People don't want fake made up 010101010 computer screen gold, they want the real deal.