Madhavi Nade JainReal Estate Fund Manager & Infinite Banking Specialist

❓Did you know you can buy GOLD in your Retirement Account❓

9 Jul 2024 · 1 min

Watch on YouTube

0:42

YouTube video (by Madhavi Nade Jain) discussing gold purchases in retirement accounts; speakers highlight very high dealer premiums on gold coins (reported at 70–130%), urge listeners not to buy coins, compare premiums to 'making charges' for gold jewelry in India, and liken coin/jewelry markup to the immediate depreciation of new cars.

The average premium that dealers that are using their services and selling to their clients are charging on coins is 70 to 130%.
Wow.
Ludicrous.
That's very interesting.
So if you get anything out of this podcast, please, please, please do not buy coins. Whether you're buying it from me or not, don't buy coins, please.
Thank you so much. That is enlightening. Actually. And you know, we in India actually buy gold jewelry, there is something called making charges. So to me, it really feels like those making charges and better the coin is, I think that making charges and higher.
Yeah.
And it's almost feels like when you buy a brand new car, the moment it's on the road, it's lost its value.
Yep.
So it seems very similar. So thank you so much for enlightening us with that.