Precious metals are always a reliable way tokeep your investments safe. Gold is known to be the second popular mode of investment next to bank deposits because gold investments are free from taxations. Not only because of taxations, but also for its beauty and luster, Gold necklaces and Gold chainsstand as perfect examples for a perfect mode of saving and investment. With a population of 1.1 billion, India tops the list in Gold consumption. The latest trend in Goldinvestments is done on Bullions which meanscoins or bars of precious metals like Gold andSilver. Well, let's take a look on the pros and cons of Gold as a mode of investment.
Besides the beauty and luster of Gold ornaments like Goldnecklaces and Gold chains, one of the other reasons why Goldremains to be a favorite thing to all is because of its demand andscarcity Facts of U S mint says, gold is so rare on Earth that all ofthe gold ever mined could fit into a cube that is just 60 feet on eachside
To be more accurate, in past decade it is found that theconsumption of Gold has actually exceeded the production Also theundesirable fluctuations of dollar values have automatically turnedGold into a more valuable investment Gold bars, Coins, Digital Goldcurrency, Jewelry, Collectible coins, Gold mutual funds, Exchangetraded funds, Leveraged Gold investments, Gold certificates, Goldmining company stock, Gold chains, Gold necklaces are the differentways available to invest in Gold
And now let's see the downsides of investing in Gold One ofthe main problems associated with Gold investments is the highvalue of premium to be paid and also you aren't just paying forthe gold itself because you're also paying for the workmanshipthat went into crafting the piece, the shipping and so on This impliesthat you need to find the very best deals for compensating up theseother major costs in the event of shooting up of gold prices
Also Gold does not pay attractive interests as stock dividends andbonds do There is no guaranteed return for gold investments tooSuppose if a country wishes to sell off their Gold metal stocks thenthere are chances for it may lead to surplus of the metal in themarket which in turn brings down the prices
So if you ask this question to yourself, Is Gold jewelry a goodinvestment then well, the answer is this If gaining high profits is yourmotto then for sure it will be very tough to make such higher level ofprofits out of gold
But there are chances though if you buy a timeless piece thatbecomes an antique or you get a really good deal and can sell thepiece of gold