If one is wondering what can be a particular asset which is also a good investment – then in a country like India, the answer is always gold. This is an inert metal that does not earn any interest. This has been a popular investment item for ages, and it has been respected all over the world because of its rich history, and high values.
People do want to hold gold for various reasons, and with time – gold trading has also evolved from physical gold possession to virtual trading. But all forms of gold are equally attractive when it comes to investments. When it comes to investments, one has to keep a day-to-day track of the gold price because it keeps changing on a daily basis. Gold rate today Hyderabad, can be different from the other cities in India, on the very same day.
Major reasons to invest in gold
- Gold is not used as currencies these days but the role as money can make it superior to any currency. Gold has also been money longer in any of the currency history because it has been valued for more than 3000 years now. One of the crucial promises of money is that it serves as a long-term store value. They can be held as an investment portfolio. Hence, rich always invest in gold so that they can show their asset.
- If one holds gold – then there is no need to make any paper contract of it. No middleman or any other party can interfere here for any sort of contractual obligation. Gold can never be some other entity’s liability. It is considered to be the last man standing when major crisis hits the market. So, holding on gold, and making them a part of folio makes one look powerful. The value of it can never go down to zero.
- The hedge against inflation is the traditional motive behind all the investment in gold. The yellow metal serves as an inflation hedge in the long run. When the inflation is on a rise – the value of currency goes down. But gold prices have only gone up in the last ten years. Hence, in a country like India – saving gold can also provide financial safety when the inflation is on the rise. Also, annualised return of gold can be way higher than of inflation. It has a real rate of return from the market always.
- Gold is always a tangible asset. So, it provides safety to those who invest on them. Purchasing gold is much easier as compared to purchasing other tangible assets like properties, and real estates. Investing online also means that the asset is stored digitally. But one has to be mindful about them too.
One can check the daily rate of gold at 5paisa, and then they can invest accordingly. Gold is also highly liquid. When needed, one can sell them easily, and can be carried anywhere. This process is any day faster than selling a brokerage stock. Also, selling physical gold to any buyer means, one can get cash immediately in return.