RE: Gold - one of the best investments
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I've invested in Sovereign Gold Bonds (SGBs) in 2024, and they've shown returns of around 80%.
What's your opinion on SGBs?
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I have never been in favor of bonds, I am not sure but I guess there are fees on transactions, and not sure about the tax part also. I firmly believe in keeping solid gold for easy liquidity at any given time. Though each one has their own preferences
You won't be taxed if you hold this investment for over 8 years. However, if you redeem it sooner, you'll face taxes on your gains.
If you sell within 12 months, the gains will be considered Short-Term Capital Gains and will be taxed at your regular income tax rate.
If you sell after 12 months but before the 8-year mark, the gains will be taxed as Long-Term Capital Gains.