Benefits of Gold Investment: Why should gold be included in your portfolio? Know the benefits..
According to financial experts, you should never invest all your money in one place but should include many investment options in your portfolio. Generally, most people like to invest in government-guaranteed schemes like FD, PPF SIP, etc., but apart from these, you should also include gold in your portfolio. This is a very good investment for the future. Know about this here-
Benefits of investing in gold
There are many benefits of investing in gold. The price of gold is also increasing with time, so it can give you very good returns in the future. In difficult times, when you don't seem to be able to get money from anywhere, you can take a loan by mortgaging your gold. The gold loan comes under the category of a secured loan. To deal with emergencies, you can sell gold and take cash in exchange. You can easily carry gold with you anywhere.
You can invest in gold in many ways
It is not necessary that you buy only gold jewelry. If you do not want to buy physical gold, there is no problem. Today, there are many options for investing in gold. Know about it here-
Sovereign Gold Bond (SGB) is a government scheme, in which the scope of risk in investment is very less. Its advantage is that apart from the price of gold, it also gives interest of 2.5 percent per year. Also, GST does not have to be paid while purchasing it.
Instead of physical gold, you can buy digital gold. Digital gold is not kept with you physically but is kept in your digital wallet. Its price also increases with time. If needed, you can also sell this gold online. Even Re 1 can be invested in this.
Gold ETF can be bought like shares and kept in a demat account. This is a mutual fund scheme, which is a cheap option to invest in gold. This gold can be bought and sold in the stock market.
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