Hi, all, so today I am here to discuss why anyone should invest in gold or gold jewelry.
First of all, I would like to clear to you all that this information is purely education and one should understand the factors first about how and when to invest.
From time to time, we noticed one thing about gold: its price always increases from time to time, and it is one of the most reasons behind this article.
Every person who has some extra money wants to invest somewhere without risking loss. But the risk is to be taken in every field, so I cannot deny the price risk if invested short term.
Some of the major reasons I want to tell you all about investing in gold are as follows.
So always buy only if you can keep patience. 1) Gold always proved beneficial in long-term investment, so you should mind that it needs patience. Sometimes price increases in days. Sometimes, it takes months to generate revenue for your invested amount, but you will get your return if you keep patience.
As in the time of need, we have assurance for its purity. 2) Always buy gold from the registered shop or showroom owner, and a local goldsmith is best for it. Avoid buying from big franchises and banks; I am not saying that they are not legit, but they will charge you packing charges as well, which will be 10% more from gold rates and so on. It's your wish from where you want to buy, but for price marking i would say buy it from a local shop owner. One more thing, always buy 99.9% gold or 99.5% when you are buying raw metal. For that, you have to ask that shopowner to provide enough assurance of purity.
3) In times of need, when we are in some problems or some medical emergency, we always look out for assets that can be turned into cash. At that time, gold is only one thing that will provide you liquid cash anytime, anywhere. Your land will not gonna sell. Like a house, car, etc., your other assets will take time, but gold will be in cash within minutes. This is the major thing I always say to my customer that gold gets cashed even at night.
4) now it comes to jewellery then i will say always buy hallmark jewellery... hallmark in India means government lab approved purity jewellery. I will discuss it in my later article about hallmark jewelry and check for legit hallmark signs on jewelry. Hallmark jewelry cash out in full payment except for the labor and tax charges you paid at the time of buying. Like you bought 1 gm ring for 5000, and the rate of gold is 4500 per gm that day 4500+500 is labor part(approximate value)(by rate I mean the rate of purity you buying) then when the day you went to sale the price of 1 gm is 4600 of that day you will get full 4600 if it is hallmarked.
5) Keeping gold in the house is riskier these days so that you can rent a locker in the bank, but it is the easiest asset, easy by mean, easy to buy and sell, and easy to use and keep it.
This is my first article, and I hope you got valuable and simplified information. Later on, I will discuss many other things related to gold, silver, and gemstones. I will be happy to help anytime you can ping me at my WhatsApp +918690279719 or you can mail me at [email protected] for any queries, or you write me for anything on gold or which article you would like to read.
Thanks
Kumar Anand Soni
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