BUYING GOLD IS SAVE AND HEALTHY INVESTMENT
INVESTMENT IN GOLD IS CAN BE MADE BOTH FOR LONG TERM & FOR SHORT TERM AND ITS VALUE INCREASED FROM AROUND Rs 9000 TO 10,000 IN LAST DECADE TO AROUND Rs 22000 DURING THESE DAYS
AS ONE CAN ANALISE THE GROWTH IN THE VALUE OF GOLD. ONE CAN INVEST IN GOLD IN THE FORM OF FOLLOWING :
- GOLD COINS ISSUED BY VARIOUS BANKS
- GOLD JEWELLERY
- WORLD GOLD COUNCIL COINS: THESE COINS PROVIDED BY JEWELLERS WHO ARE THE PART OF WGC AT A PREMIUM OF 1% TO 2%
- BULLION BARS
- GOLD EXCHANGE TRADED FUNDS
IN THE SHORT TERM, GOLD IS VERY STRONG INVESTMENT AS COMPARED TO THE INVESTMENT IN SHARES etc. WHICH IS HIGHLY VOLATILE IN NATURE.
ATLEAST 5% OF OVERALL INVESTMENT PORTFOLIO CAN BE CONSIDERED FOR GOLD INVESTMENT. JEWELLARY IS NOT AN INVESTMENT AS IT IS ONLY AS EXPENSE IN NATURE WHICH IS FOR PLEASURE AND IT SYMBOLISING WEALTH.
IF WE TALK ABOUT RISK, GOLD DOES NOT CARRY MUCH RISK ATLEAST IN INDIA
TAX TREATMENT IN CASE OF SALE
GOLD SUFFERS CAPITAL GAIN TAX AS PER INCOME TAX ACT, 1961. THE ONLY BENEFIT WHICH ASSESSEE CAN CLAIM IS THE BENEFIT OF INDEXATION WHICH AVAILABLE IF THE DURING OF GOLD INVESTMENT IS IN LONG TERM i.e MORE THAN 36 MONTH BUT SUBJECT TO CONDITION THAT ASSESSEE CARRY BILL OR ANY PROOF OF INVESTMENT WHICH HE OBTAINED AT THE TIME OF PURCHASE OF GOLD.
AT THE END, GOLD PROVE AN PERFECT HEDGE FOR INFLATION. AN SERIOUS INVESTOR IS ADVICED TO HAVE SOME PERCENTAGE OF INVESTMENT IN GOLD TO HEDGE INFLATION.
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