Gold can be one of the most crucial and lucrative investments that you can make, which will give you assured benefits over a life time. Gold has been the most coveted precious yellow metal in world for centuries together. In fact, India might be the only country in this world where people consider buying gold as auspicious. Therefore, in this article, let’s look at some of the major characteristics that have ensured that the precious yellow metal’s significance never diminishes.
Irrespective of your age, gold can be that best friend you are always searching for in times of need. For those who are in or around their 30s, you are most likely working for a good company, planning your future, family’s future, your retirement, and servicing a car loan/home loan/credit card. Given this scenario, gold can be a decent investment for you in terms of having a cover for rising prices. Yes, gold can act as a decent hedge against inflation mainly because gold prices generally tend to rise at around a higher price than other costs.
Moreover, people in and around their 30s tend to often explore new career opportunities, which take them around the world. Gold investment can turn out extremely handy in those circumstances largely because of the universal value that the yellow metal possesses. So, don’t you think gold can be your best friend indeed?
All working women in and around their 30s can use gold as a profitable investment avenue. The gold that you invest in today will come in extremely handy for you during your marriage and later on, during your children’s marriage.
The most important thing that all of you in your 30s must remember is that this is the time to cash in, since your earnings ability would have touched a peak. Thus, it becomes pertinent and all the more important for you to invest in gold. Please note that the precious yellow metal has centuries of history backing its value and success as a safe investment avenue.
Let’s now look at gold as an investment avenue for those in their 50s and 60s. In these age categories, you would be completely engrossed in planning your retirement and your children’s marriage. In fact, you will try to search for ways to increase your overall disposable income. Gold can be a very effective option here for you, which will go a long way in helping you achieve your overall financial objectives. The yellow metal apart from being highly helpful to you, especially during your children’s wedding will act as the all-important buffer that you will need during rainy days, especially after retirement. Moreover, it is one of the easiest things in terms of distribution related to inheritance. You could keep a portion of gold after your retirement for yourself to cover for rough phases ahead and distribute the rest to your family. Today, you can diversify your gold portfolio by exploring various direct and indirect investment options such as gold ETFs, E-gold, gold SIPs, and gold stocks. You need not just hold gold in physical form anymore. Please consult an investment expert now and see how you could explore these various investment options effectively.
Therefore, irrespective of your age, ensure that you apportion at least 10% of your overall portfolio to gold. Invest in gold today and gold will become your friend in need tomorrow when you might go through lean phases or rainy days.
Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing.