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Is it still profitable to Invest in Gold?

Is it still profitable to Invest in Gold?

Maria Maria by Maria Maria
10 months ago
in Business, Education
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People in this world are essentially divided into two groups. Those who settle for whatever they have and those who do not settle but fulfil their aspirations and needs in some way or another. Well, the bulk of the Indian population lives on a limited salary. With a combination with regular monthly expenses, there is nearly always a fix amount of money that is remaining. This amount is insufficient to buy luxury and live life to the fullest. As a result, one of the main methods for this goal is financial investment. Which allows a person to quadruple his savings by investing it in one of the numerous possibilities available such as mutual funds, real estate, gold, and so on. 

When it comes to gold, it is without a doubt the oldest form of currency in use. It is a bringer of good fortune and people consequently gift to new brides and use it in other significant life events. Returning to the topic of financial investment, today we will attempt to address the question of whether it is prudent to invest in gold in 2022 or whether you should invest elsewhere. However, it is advisable to check the Gold rate in India before making any new gold investment plans.

Why should you Invest in Gold?

Gold has a lot of meaning in Indian culture, but we’re not talking about emotions here; in fact, financial investing is a matter of mind, not heart, so let’s look at all the practical reasons why gold is a better investment medium than other possibilities. One of the primary reasons for making any financial investment is to have a backup in case you need it in the future. Gold is one of the most liquid hard assets. If you need to sell your gold to make ends meet, all you have to do is sell it to the buyer of your choice. There are always buyers willing to purchase gold. However, keep in mind that the return rate is not exactly what you think; rather, it is the inverse, especially in the case of actual gold, where you receive less than what you invest.

Gold has been proven over and again to be an effective inflation hedge. Gold rates remain practically unaffected by inflation. So you do not have to suffer a loss when inflation occurs and currency rates fall on the global market. In the Indian context, the Rupee’s value did not perform well in 2021, therefore investing in gold is not a terrible option at all. We all know that gold is a valuable metal. As previously stated, gold has a special position in any Indian household and is considered a family riches; for example, gold jewellery is passed down from one generation to the next as a legacy and a symbol of family wealth.

Have you ever attempted to invest in real estate or make any other type of financial investment? If you answered yes, you should know that purchasing gold is far easier than purchasing real estate or anything else. It is safe for folks who are just starting out in the investment world because gold purchases involve very little risk.

Physical Gold

If you invest in gold jewellery, the return rates on actual gold are never beneficial. The reason for this is that the determination of price of jewellery is not only by gold rates. But also by manufacturing costs, and this is just half of the story, i.e. when you buy the gold. When you sell the gold, the tale changes completely; the making expenses are no longer into account, and you get the amount simply for the pure gold depending on the gold rates of that particular day. Storing actual gold has the same security risks as storing cash in our home. It is just as vulnerable to theft as anything else in our home. Thus investors must be more cautious with their valuables while investing in gold. Although another type of gold investment, such as a gold ETF is a better option. You are still not completely secure. You are vulnerable to internet security attacks. The difference here is that this security threat is equally likely to happen to anyone or even everyone, as well as other investments such as mutual funds.

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