Is GOLD BAR good for investment of 2-5 years
I am from INDIA. My daughter is less than 1 year old and I want to make an investment in GOLD (BARS) for her future. I am thinking of buying GOLD BARS of 100 grams now. Say if I take a time span of 2-5 years and say if I purchase now gold in INDIA at a price of 867/- Rupees per gram and sell after 2-3 years then can I expect decent returns on my investment. The returns I am looking at are min. of 15% on per gram of gold per annum. Is my assumption correct? Can anybody suggest?
Thank you for your time and reply.
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