investment in gold

avatar

Although there are a lot of investment opportunities these days, a few things that are never going to change, and they don't seem to be changed a lot. We have seen that gold is one of the investments that has been going on for thousands of years. And it is still going on. People do have a lot of faith in this And many countries or you can say most of the countries do have a lot of gold in their reserves, and their fate currency is backed by gold. The more gold they have, the more money they can print. Many people don't even believe in fiat currencies. That's why they invest in gold and silver.

We have seen this year, that the price of gold has increased rapidly although the return on gold is not that much but still, you can see the growth is consistent And that's why maybe people are doing this And there are a lot of things that responsible for investment into gold. If you are an Indian, then you must invest in gold in the form of jewellery. You have seen a lot of pieces of jewellery that are being worn on occasion mostly special occasions like marriage and other things. Here's the jewellery is only one in occasionally, but that is kind of investment. Because if you do have any kind of emergency related to money, then you can lend it and take a loan on that. Or you can sell your jewellery, and you can get money for that.

Here's the value of jewellery do decrease over time. But there are other options available these days by which your value will be the same. You can invest in digital codes for a few applications Do provide you with these options. Please do your research before investing, because not all the applications are legit. There is another option available where you can invest, which is a sovereign gold bond.

Sovereign Gold bonds are backed by the Government of India hence the chances of default are next to impossible. These bonds also provide a 2.5% Interest on the face value of the bonds, credited into your account semi-annually.

although the returns are not that much still I think it is better than the jewellery investment.

Source

Thanks for your support love and encouragement see you tomorrow till then take care.

stay tuned for more fantastic Content

-------stay safe and be motivated-----------

hive-167922 neoxian leo pob vyb hive-engine india pimp gold investment ecency
0
0
0.000
4 comments
avatar

Congratulations @manojbhatt! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You distributed more than 46000 upvotes.
Your next target is to reach 47000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out our last posts:

LEO Power Up Day - September 15, 2024
0
0
0.000
Reply
avatar

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.

0
0
0.000
Reply
avatar

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating to @indiaunited. We share more than 100 % of the curation rewards with the delegators in the form of IUC tokens. HP delegators and IUC token holders also get upto 20% additional vote weight.

Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.

image.png

100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.

0
0
0.000
Reply