Click to play videoNew Delhi: After the financial turmoil of 2008, everyone wants to know where to invest their hard-earned money safely in 2009.
Religare's Jayant Manglik tells different ways by which one can invest in gold.
"Commodities is a must for your portfolio for proper diversification and allocation. As a thumb rule about 20 per cent of your portfolio can be in commodities of which 10 per cent should be in gold," says Manglik.
"One big advantage of commodity markets in India is that a trading timing are from 1000 hrs IST till midnight. The idea is to cover all the international exchanges like Nymax and the London Metal Exchange because the lot of commodities are trading here are international in nature like crude oil, gold as well as copper. Delivery in commodities is just like a taking deliveries in equities. There is essentially not much difference between in the two," he points out.
"For taking long term positions in commodities DMAT deliveries is strongly advised and if you are taking delivery in DMAT, than if you need the physical delivery for example: if you need to take the gold which you have bought, the you can actually go to the wear house and take the gold and than take that gold home and keep it in your safe or locker," he says
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