Is it OK to invest in gold?
Moreover, unlike gold mutual funds, the gains from the gold bonds are tax-free. This makes them the exact equivalent of holding gold, except with a 2.5% a year bonus. It's hard for people to accept that gold is not a good investment. ... Gold is a kind of social construct— it has value because everyone thinks it has value.
Is investment in gold a good idea?
Why Investing in Gold a Good Idea in 2018. ... Therefore, one of the tools which are popular for this purpose is the financial investment which allows a person to multiply his savings by investing it into one of the multiple options available like mutual funds, real estate, gold etc.
Is gold good investment?
Gold can be a good investment for speculative purposes. ... In such a situation instead of taking possession of actual gold bars or coins, you can buy a mutual fund that owns gold, which allows you to buy and sell it with ease. Of course, in hindsight, it is easy to see what you could have done.
Can I purchase gold in cash?
With cash, you can only buy gold coins and jewellery. Small investors can also buy gold funds up to Rs 50,000 in a year .
Is gold a bad investment?
Simply put, gold is not a bad investment, and gold is not a good investment. Gold is not an investment at all; gold is money. Once this simple yet difficult to comprehend fact is digested, one can begin to see gold as the portfolio-diversifying, wealth-preserving asset that it actually is.
