Is still investing in gold worth it as If for now the current market trends are moving towards Silver aren't they ???
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Another problem in case of gold is that the major part of the money invested in gold goes in making cost only and there jwellers keep making us foolish. On the name of making cost.
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One can invest in physical gold, based on their financial status.
1)Family total networth of >10cr : Invest >1kg ornaments. (which can be used status symbol or to take gold loan overdraft)
2)Family total networth of >5cr<10cr : Invest >0.5kg<1kg ornaments. (which can be used to take gold loan overdraft)
3)Family total networth of <5cr : Invest <0.5kg ornaments. (which can be used to take gold loan overdraft)
my 20 % XIRR mf portfolio. Invest in mf in sip way not gold.
Don’t invest in silver bar without having a stable buyer with fixed price as jewellery shops don’t give you market metal price.
Gold is best.
This is not the right time to buy as it’s in the highest ever figures
as mentioned by others buy sgb and get 2% interest per year as well as capital gain free return at maturity.
If your age bracket is around 30-40 years then only keep 10% of portfolio in gold not more than that. If you are older than 45 then investing in gold is a good option.
In my portfolio gold is only 2%. If have 40% equity allocation. See the markets I am getting 20% XIRR while gold has not gone up even 10% in 2-3 years
Following, any expert can write about how/where to buy and sell in detail.
Platform+charges+buy/sell price difference.
Is still investing in gold worth it
I'll not recommend anything on this as I'm not a market expert, but what some experts suggest is yes, invest some, since the market is all time high, gold is going to move sideways for sometime, but can act as a good hedge when market falls. Most experts suggest having gold as some % of your overall portfolio.
another option is silver which gonna get a great hipe in coming times
that's a call you have to make, if you want to take the gamble.
major part of the money invested in gold goes in making cost only and there jwellers keep making us foolish. On the name of making cost
regarding this, you can look into either SGB or gold ETFs. Both have their own pros & cons, so you can decide based on your profile.
buy SGB from secondary market and hold till maturity
better to buy sgb on any broker
Individuals can also invest in solid gold by purchasing biscuits, bars, or coins. The making charges here are very low, and you get good returns while selling. However, one common risk factor in the possession of physical gold is storage and theft.
keep investing in Gold and Silver, they are only going to go up till the current system lasts
once gold standard kicks in gold is the new currency