HomeInfographicsWhy do People opt for Gold Investments?

    Why do People opt for Gold Investments?

    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.

    Related Article: Is Gold a Good Investment?

    Why invest in gold?

    Safety, liquidity, and returns are three major reasons why one considers buying gold. The gold prices can be accessed 24*7 and can be traded digitally as well.

    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.

    Related Article: 5 Reasons why Gold is a Good Investment

    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.

    Kiara Dawson
    Kiara Dawson comes from an Engineering background, with a specialization in Information Technology. She has a keen interest and expertise in Web Development, Data Analytics, and Research. She trusts in the process of growth through knowledge and hard work.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Most Popular

    Recent Comments