7 Best US Airline Stocks To Invest In For 2021
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Indians often purchase gold not just for the high value it has but also for auspicious reasons. However, this year has not been the same owing to the Covid-19 pandemic.
The fluctuation of gold prices during this year has left investors unsure if they should invest their money in the upcoming year. Some investors seem anxious considering the low-interest rates and high inflation rates.
On the other hand, some feel that the value of gold overcomes these factors and provides a greater return. Let's explore what is the right decision for you.
Over the years, gold has served as a strong hedge against inflation. It has shown positive outcomes during economic turmoil and market volatility. It also allows the investor to diversify their portfolio.
Gold is known to uphold its value through the years. Its true value remains less affected even when market prices reduce; making it a beneficial investment.
In the case of a personal financial emergency, instead of selling your gold in a hurry, you could receive a loan from a bank against the gold you own. This is a secured loan and the interest rates would be lower as compared to a general loan.
Due to the high value of gold, storing gold in a secure location is usually an issue investors face. Keeping it in a locker means that it is not easily accessible to you and storing it at home is a risky option. Additionally, banks even charge a yearly maintenance fee that investors may not want to spend.
There is always a risk of gold being stolen or lost. This adds another factor that investors would have to take into account when purchasing physical gold.
When buying gold from a jeweller with no intention to wear it as jewellery, you would be paying a hefty additional fee that can be easily avoided.
Gold is an asset that does not give regular interest or profits unless it is sold. Investing in stocks, mutual funds, p2p lending, etc. would allow an investor to earn passive income, making it a financially smarter investment.
But there is another efficient way of investing in gold. Read on to know more.
Investment platforms like Cube Wealth allow you to buy gold online in any quantity you’d like with the assured purity. This is known as digital gold.
The Cube Wealth app allows investors to buy digital gold in the easiest and most efficient manner. Cube has partnered with SafeGold to allow you to buy gold in the safest and most transparent way.
Every gram of gold you buy is backed by physical 24K gold and can be sold back at any time. The gold purchased will be kept in a secure vault under your name, backed by Brink.
You can even start investing with just ₹1000! Download the Cube Wealth app or speak to a wealth coach to know more about investing in digital gold!
Schedule a call based on your convenience. And get an expert to help you invest.
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