When we plan our financial freedom, I realize that it is important to have one part of our savings in Gold. When I listen to many successful investors, I hear them saying that they have a considerable amount of gold, which is a very important asset to keep in the portfolio. I have been working for almost 15 years and more, and I have never bought any gold in my life, nor have I ever understood the importance of gold. I once used to interact with a colleague, and he used to say that both Gold and Silver will always have their place, and the value will keep appreciating.
Gold bonds are best
For those who don't want to hold any physical gold, I think investing in Gold bonds is a good option. The best thing about this type of investment is that it gives a decent return for the investment in the form of value appreciation, and at the same time, there will also be some dividends given if we invest in the right bonds. If we purchase physical gold, we have to keep it safe and maintain it properly, and there may not be any regular benefit from that.
As I'm also very new to this, I just came to know about this information on Gold bonds, but I had no idea how it works. Maybe I think it would be good to have some physical gold and the remaining investment done in the form of Gold bonds.
Avoiding gold ornaments
Some people might be interested in purchasing ornaments so that they can either use them as an asset for the family or use them during functions in family functions. When we make ornaments with gold, there is a high chance that they will lose their value. The making cost and conversion cost will eat up a lot and make us lose our investments. The best way to maintain it is as golden bars.
They say one part of the portfolio should have gold in it. People consider Gold to be highly valuable because when there is a need, gold loans can be taken, and compared to other types of loans, gold loans have low interest rates and offer good benefits. Along with focus on Gold, it is also necessary to invest in Silver, which is the next most demanded metal. The value of Silver is also slowly appreciating, and people consider investing in Silver equivalent compared to gold. Purchasing Silver in Bar form is also good if we want to go for a physical purchase.
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