Investment in gold is always the best type of Investment, here’s why.
Buy one gold coin or chain or something of gold every year and put it in your bank locker. The feeling of owning an asset like that is not only fulfilling but rewarding as well. The price went up about 8% compared to previous year and it is usually growing at this or higher rate. The reason why it is best is because you get to invest and flaunt that gold chain to your friends and relatives!
If you are in your 20s, you probably have some liquid, few FDs and some stocks that do not give you as much, but you feel good that you are also part of the ‘risky business’. Prefer gold over risky investments, after FDs because once you have enough cash for your day-to-day expenses (and some emergency cash), keep some in fixed deposits, they are safe, and returns are always good enough for such a safe investment. But your next choice should be gold over anything else. It does not have to be a lot, but it is safe and future proof.
If you are in your 30s, you have what you had in your 20s and some mutual funds too. You are then thinking about investment in property which is too expensive or put some extra risk on stocks. The confusion gets sorted when you finally decide to buy an expensive phone! Well, consider some gold per year option. The price always goes up and it will reach new heights in coming years.
If you are older than that, you should already have more than 2 tola. You work hard for your money, and you deserve to invest in the right type of investment. You can flaunt your gold chain and it is an investment at the same time.
If you have watched the movie ‘John Wick’ you might get inspired to keep such gold coins that you can use in the times of ‘crisis’ in life.
You can consider your first 5 money distributed in following sequence,
- Cash/Savings Account Balance
- Fixed Deposit
- Gold
- Mutual Funds
- Stocks
Then there is property, NCDs and what not. You can buy gold bonds too which is a great alternative to buying physical gold which also gives you some extra returns.