Better Way to Invest in Gold! Guaranteed Interest + Safer!
0A Better Way to Invest in Gold! Guaranteed Interest + Safer!
Let me tell you about a safer option where no one can steal your gold while you can enjoy the benefit of the price increase!
Check out the gold bonds released by the Indian governments, where you can invest from one gramme to a maximum of 4 kilos, and the bond has a maturity period of 8 years. This means that you will only be able to sell after 5 years onwards, though now there are ways to sell it earlier too.
What are the benefits?
1. Gold prices keep going up every year, so you get the price benefit.
2. There is an interest rate given by the government of 2.50% per year, though you have to pay income tax on it. But something better than nothing
3. You can use this bond as collateral for loans.
I would buy it linked to my Demat account so it can be sold easily if needed, and it's safer than holding it in physical format.
What are your thoughts and questions about it? Let me know.
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