Gold Investment – An Investment For Lifetime

Introduction

Investment plays an important part in ensuring the financial stability of an individual. The amount that can be invested is directly proportional to the earnings.

If still not started investments Do you want to start investing? How about Gold? Gold Investment is a safe investment and is bound to give you good returns in the long run.

Since ancient times, gold has been part of every Indian household holding traditional and cultural value along with providing financial security.

Most of us have been aware of the investment in physical gold for ages, but awareness of the different platforms available is very limited.

Let’s take a brief look at what are the best ways to invest in gold. Do you remember taking trips to the neighborhood gold shops with your parents? Looking at the display of shimmering metals while our parents make the purchase.

Physical Gold 

is the first and direct way of buying gold. You can invest in physical gold coins, jewellery, bullions, or anything like that. This is the simplest and most traditional way of investing in gold. Though it could rob you of your peace of mind.

I mean it is difficult to fall asleep every night knowing that you have so much physical gold lying in your locker. What about robbery? Anything could happen, right? Why give away the peace of your life when you have other safe options?

With the advancement in technology, our traditional investment approach is also evolving. Gold ETFs (Exchange Traded Funds), Gold Mutual Funds, Sovereign Gold Bonds, and Digital Gold are now the digital options for investing in gold.

These terms might seem a bit difficult to understand. But it is way easier to invest.

What are Gold ETFs (Exchange Traded Funds)?

Gold ETFs (Exchange Traded Funds) is the paper representation of gold. Essentially, you can buy the propriétaire rights to gold here, so you do not need to worry about investing in gold in person. But you need a DEMAT account to invest in Gold ETFs . In this investment, you are free from theft and burglary.

What are Gold mutual funds?

With this fund, you can invest in gold ETFs without a DEMAT account. So, if you don’t have a Demat account and still you want to invest in gold ETFs, this is your most reliable option. However, you end up spending a bit more because you have to pay the cost of managing both gold funds and their ETFs.

What are Sovereign Gold Bonds?

This bond was issued by the Reserve Bank of India in 2015 when the government encouraged the use of physical gold in another form. You may buy these bonds from the nationalized banks, designated private banks as well as certified exchange agents through continuous monitoring.

After investing in a sovereign gold bond scheme, banks generate a holding certificate. In contrast to gold bars and gold coins, there is no goods and services tax (GST) on sovereign bonds. More than enough sovereign gold can be provided as a surety for loans.

Digital Gold – The new entry revolutionizing online investment in Gold.

Our lives are now completely digitized. Buying digital gold has become a new normal now. Digital gold investment is one of the easiest ways to invest in gold, as investors can buy or sell gold through fintech platforms.

Digital gold provides the same feel of ownership that purchasing physical gold does. But it gives a peace of mind as we need not worry about storing the same. The Gold is stored in safe vaults and is insured to give a feeling of satisfaction to the investor.

However, before we move forward let’s discuss some of the basic questions we all can have before starting investment in digital gold.

How many times do you look for gold purity before buying? It is a good question to think about. How would you know if the gold is pure or not? Well, gold on digital platforms comes with a guarantee of 24k 999 purity.

Another question that can pop up in our minds is what if I don’t have a huge amount to invest? Well, you don’t need a huge amount as you can start your digital gold investment journey with just Rs10 on our Bright Digi Gold Platform.

Furthermore, your purchased gold is stored in the safe or vault. This removes the additional burden that physical gold entails. It is critical to note that if you own digital gold for less than 36 months, the returns are not taxable directly. And, you can also exchange digital gold for physical jewellery or gold coins and bullion anytime from anywhere.