Gold coins and bars – bank or jeweler?
It’s a trade off between quality and buy-back facilities. Once sold, your bank will not buy the gold back from you. Though, you can be assured of the quality, if you buy gold from the bank.
Gold as investment
Historically, gold has been one of the most preferred ways of investing. But Jhaveri warns, “Do not look at gold as an investment tool. It is not equipped to give good returns. It can be used as a hedge against inflation. If you want returns, you can consider equity.”
Sanjay Matai, financial planner, also endorses these views, “While holding gold for the long-term may give you returns of 6-7 per cent per annum, equity can give returns up to 15-20 per cent per annum.”
To buy or not?
Gold ETF is a more viable option as compared to physical gold. However, you also need to factor in the charges involved.
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Disclaimer: The contents of the article or are for information purpose only and are in no way meant to be advisory in nature. The author does not claim responsibility for actions taken by readers on the basis of the Article. Please consult your financial advisor for your personal money management.
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