'The key to becoming financially stable is not saving but investing.'
While this might not be a quote said by any famous personality, it sure is accurate and will remain valid for many years to come. However, investment is a risky business and requires proper understanding, planning, and market knowledge to ensure that your money improves in amount and strength.
One of the best ways to invest (for the long term) without digging deep into the investment market is to buy gold. Investing in gold is easy and often secures your money, which is not the case with mutual funds or stocks. Moreover, if you desire to stay active in the investment land, gold will still hold the top position as it increases in value compared to other investment options, and you only need to sit on it for a few months or years to reap the benefits.
However, investment in gold is not just about buying coins and bars that publicize to the general public. Any investment in gold, be it a jewellery item of your choice, is perfect for you. Today you can also buy gold online where you can get the option of virtual try-on jewellery. We are here to discuss the different gold jewellery items you can buy that add to your investment portfolio and ensures steady and gradual returns on your capital amount.
Gold Investment Options
There are several options (in gold itself) in today's world; from among, you can choose one for investment purposes. We will only list down those few choices and then discuss how buying gold jewellery would work for you in terms of investment. But stay tuned to the website, as in the future, we will be putting out content mentioning and discussing these other options in detail.
Gold coins and bars in 18k, 22k, and 24k
Gold mutual funds
Sovereign gold funds
Gold ETF
Gold jewellery pieces or physical gold, such as pendants in precious stones
All of these different types are gold investment options. The difference lies in the minimum amount you need to start the investment and the market risks and opportunities. In this post, we will discuss the possibility of investing in physical gold. However, we suggest you research other gold investment options and tread ahead with caution. You can also wait for our other posts to roll out on the same topic and make your decision after comparing the pros and cons of all these options.
Invest in Gold Jewellery
The reason behind investing in gold and further investing in gold jewellery is multifold. While we do not advocate that this is the only method of funding for long-term gains, we think that jewellery makes for a good choice if you're willing to use it in the meantime.
Gold jewellery is not only an investment but also an asset. You can wear it and use it occasionally as per your like over the years. Moreover, you won't always have to sell it. With time, your priorities around investment may change, and gold jewellery helps to accommodate such financial changes. For instance, you can mortgage it and even apply for a gold loan based on this physical asset. We understand that insurance and storage space are issues when you buy gold jewellery. However, at the same time, investing in physical gold items helps you exchange them for liquid funds at the fastest rate. In case of other options, you might have to wait for a couple of weeks before actual cash touches your hands or money starts reflecting in your bank account. Can you ask for any item or buy a car or house against digital gold? You cannot! However, the same is not valid for physical gold. Although you would need cash, gold plays a vital role in ensuring credit or advance payment without the other party doubting your intentions about paying for your purchase. Furthermore, you will always get back your gold in the same form as you lent it. Often, when lending digital gold, the borrower might convert it into physical, which might affect its overall weight and karat.
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