Right time to invest in gold?
Yes, this is the right time to invest in Gold as Gold is a good and a safe hedging commodity in uncertain times. Investors in stocks and financial markets have burnt their fingers in the recent past due to weakness of US dollar, higher inflation rate in double digits, rising petrloeum prices. So they would like to square up thir losses by going for the gold anticipating that in near future with the festival and marriage season in full swing the demand is likely to rise and prices of gold are likely to go up. The gold market in our country is highly price sensitive and as soon as prices fell in the last weak, domestic investors have rushed to gold shops and show rooms to encash this opportunity and buy gold with a view to gain in appreciation of prices in next few weeks or until the sentiment remains encouraging. Although prudence demands that we should invest a portion of our assets in gold, we should not go overboard. While there are several benefits of investing in gold, some caution points are worth noting:
1.When compared with other assets, such as debentures, gold does not provide regular income.
2. Investment in gold does not provide any tax benefits. On the other hand, sale of gold results in a tax liability.
3. Purity of the metal is always a cause for worry. There is ample chance that one might not get the purity that is promised. At the time of selling the substandard gold, one will have to settle for a lower price. To avoid this problem, at the time of buying, it is always better to insist on a certificate authenticating the purity of gold.Going for hallmarked jewellery is also recommended.
4. Extra cost is involved in preserving gold. If one has physical gold,one needs to invest in a bank locker for safe keeping. If one decides to buy gold over the stock exchange (i.e. gold exchange-traded fund), then onel needs to maintain a demat account.
In conclusion,invest in gold but prudently.
I love this article!! I have been reading this blog for quite sometime now, and this is my first comment. I would like to tell you that I enjoy reading this blog, and that I love thought provoking articles like this!
I loved what youve done below. The pattern is stylish, your material classy. However, youve obtained an edginess to what youre supplying right here. Ill surely arrive back again for much more if you continue to keep this up. Dont get rid of hope if not as well many folks see your vision, know youve gained a fan correct listed here who values what youve gained to say along with the way youve presented yourself. Excellent on you!
I enjoyed reading your blog. Keep it that way.
Youre not the average blog writer, dude. You absolutely have something powerful to add to the web. Your design is so strong that you could virtually get away with being a bad writer, but you are even great at expressing what you have to express. Such a excellent blog. I’ll return for more.
I don’t even know how I ended up here, but I thought this post was good. I don’t know who you are but definitely you’re going to a famous blogger if you aren’t already 😉 Cheers!
An interesting dialogue is worth comment. I feel that you must write more on this topic, it might not be a taboo topic but usually individuals are not sufficient to talk on such topics. To the next. Cheers