A Financial Tip:  The Coveted Yellow metal: GOLD

Some facts to ponder:

·         Accumulations of Gold is no longer considered "Modern"

·          Reasons to buy Gold : to pawn to raise money; to bring financial discipline in the house hold; can be used anywhere in the world.

·          Need not be treated as a default first choice.

·          Hold only 5% to 10% of your total wealth because investment in gold only used to cover extreme situations.

·         They do not generate any income. 

·         Very expensive to hold.

·         Jewellery comes with steep costs in the form of making charges /damages; you lose a portion of value every time we transact.

·         Prices move up just like any other growth asset; Gold price hikes when gripped with uncertainty.

It is bought to hide money from the TAXMAN!

Finally “It remains a curse that parents in many parts of the country marry off educated girls capable of generating long term solid string of future income and think Gold as SECURITY”..Uma Shashikant, 2017

Source: ET Wealth