An investor may reasonably and naturally think if a specific asset is a good investment or not. This is especially true for gold, which doesn't earn interest.
For centuries, gold has been a beloved investment. Because of its worth and lengthy history, it is honored on a global scale.
People, particularly Indians, invest in gold for a variety of reasons in order to achieve their financial objectives.
Here we provide you with 4 reasons to judge if investing in gold at this age is still the right choice for you.
1. Won’t ever go to Zero
In this risky stock market, you cannot truly predict upcoming losses. Your stocks might go to zero, your savings might be down, and your mutual funds might be of no use, but gold will always have value. And not just in your country but worldwide.
2. Saves in times of inflation
When the entire country’s currency goes down the hill, gold still holds value.
According to studies, even after so many inflations across India, gold prices have quadrupled in the last decade. Similarly, during the past ten years, gold's annualized return has exceeded inflation.
3. Don’t need to worry about cybercrime
In this digital age, money deposited in bank accounts too is in danger. And Cryptocurrency always had a risk factor involved.
Gold is not digital but rather tangible in nature. Hence, one can stay carefree in this area.
4. High Liquidity
Gold is widely recognized by jewelry merchants and is simple to sell. Gold is a highly liquid asset since it may be used as protection for a loan.
Gold has been used as money for longer than any other currency in the world. And will be used further in time as its value keeps on increasing. And most importantly, it’s a safer option. So what are your thoughts on this now?
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