October 16, 2010

Jalandhar Citizens Remain Buyers of High Priced Gold and Silver

It is festival season . Jalandhar public is thronging bazars and Malls to make Festival purchases .

Gold and Silver prices are at record levels. This has not stopped Jalandhar public from buying these precious metals.

India has a very good store of " Commonwealth" ( British time ) stamps and coins. Indian issued silver coins ( Sikka Chehrey Shahi - Coin With a Royal Face " are rising steadily. This trend can be analyzed from ebay.in auctions

Old timers remember when these British Indian silver coins were used . There were particular names for some silver coins :-

MALKA GUTT WALI - Queen Victoria with Plaited ( Gutt ) Hair . This is the East India Company Issue ( all such Rupee .coins bear a single date .i.e. 1840 ) . Later Victoria coins (Post 1862 ) do not have the " Gutt "

RODDA- ( meaning Bald ) This refers to Edward VII ( whose head on the observe of the coin was without crown  )

DOPPAR ( meaning Half ) These refer to the Post 1940  George VI silver coins when because of World War II  high cost silver content in coins was HALVED

These silver coins are a good medium for investing in silver ( But remain beware of Fakes ).



Now , gold.and silver can , also , be bought " electronically ) like Demat Shares . ( Market lot 1 gram for
 Gold 100 gm for Silver ). An Investor can ,also , go in for Physical ( Rematerialisation ).


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