Hello guys. I am back with another post after 6 days now. I was busy with office work previous week, a hectic week that was.
But as soon as Saturday came I wanted to touch some new gold so this time I went to the local jeweler and bought myself this beauty. It is a 1 gram gold coin. It ain't much but it is honest work.
Look at it.
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It is again made by a reputed refinery in India MMTC PAMP. I paid rs 5850 (~$76) for it instead of the current market rate which is rs 5500 (~$71) because of branded refinery.
The con's of paying $5 extra is that I am paying $5 extra but the pro is that it is purest metal available in India with a trackable registry of every single product with a certificate number that is stored in their database. They also provide tamper proof packaging which means even if 10s of people owned it before if they tried to open the package it'll have MMTC PAMP written all over it and i'll know that it was opened.
I immediately registered the product by scanning their QR code.
Personally , paying the price premium is worth it with all of the features since I am not planning to sell these any time soon. Not atleast in the next 5-10 years. These will go in my little collection as emergency find or inheritance so short term price paid doesn't matter much.
That is it from me today. I will come back soon with analysis on the current inflation topic and how we've been lied about it.
Till then peace out.