AUSPICIOUS DAYS FOR GOLD, INVEST IN GOLD AND MAKE YOUR LIFE GOLD
Gold is the integral part of Indian culture/tradition. During the earlier times, gold was used by people during weddings and partially for trading purposes. However, times changed and now gold is the major source of investment in India. A yellow costly metal, dense, soft used in making of jewellery/ ornaments is known as Gold.
Moneymindz is equipped with certified financial planners giving advice to people in India about investments.
Why To Invest In Gold In India:
Lot of reasons are available for the customers in India to invest in Gold. Some of the reasons for investing in Gold are given below as follows:
ØChanges in the Exchange Traded Funds (ETF) do offer an interesting option for investment in gold.
ØAvailability of the gold related mutual funds, play a pivotal role in encouraging people to invest, who are very hesitant to invest in real gold.
ØPeople love to purchase the share of company good in producing gold.
ØInvestors/people love to do gold investment at a time, when the economies of US in particular and world in general experience a total decline.
Positives of Gold Investment In India:
Some of the major advantages of doing investment in Gold are given below:
v Value of gold has not changed, even though the price of gold will fluctuate.
vGold is a major instrument against inflation.
vGold is universally considered a unit of trading.
vInvestment in gold bars and currencies is considered safer during economic disturbances like recession.
vIdeal component used in making ornaments, costly clothes, decorating idols. Hence market value of gold is high, as it is always in demand.
vInvestors consider gold as direct investment option against the price changes.
Negatives Of Gold Investment In India:
Some of the minuses of investment in gold are as follows:
ØValue of gold always fluctuates, hence you never know, the time you earn money.
ØOne needs to purchase lot of gold, and need to store it in a safe destination.
ØGold Insurance will cost a fortune and hence one cannot afford them.
ØTax rates are very high on gold related investments in India.
So, there are various ways to invest in Gold and related products like gold bars, gold coins and others. This helps an individual to obtain variety of investment objectives and safeguard the money.
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