Gold as an investment is considered to be one of the best long-term investments available. During these tough pandemic times, people are facing major cash crunches and are reluctant to make new investments. However, gold investments can yield good returns. Gold is popular around the globe for its value and rich history.
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Why invest in gold?
Investing in precious metals like gold gives high returns during the festive season when the prices are hiked.
The hedge against inflation is the main motive behind why investing in gold is mostly preferred. When inflation rises, the value of the currency goes down. But gold prices have doubled over the last five years and quadrupled in a decade.
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How to start investing in gold?
There are different ways to buy and invest in gold. You can do gold investment online or physically in the form of jewellery, coins, or bars. You can also purchase gold as an investment in paper form through gold exchange-traded funds. There are mutual funds available too.
Investment In Gold Coin
Gold coins can be brought from jewellers, banks, non-banking finance companies, and even e-commerce websites.
Sovereign Gold Bonds
Sovereign Gold Bonds is a form of paper gold issued by the government. The sale of SGBs occur every two to three months and continues for about a week.
In conclusion, investing in gold can be considered to be a safe option. Be sure why you need it. Not more than 10 per cent of the total portfolio is recommended in gold. Choose wisely on how comfortable you are managing your gold investments offline or online.