Although returns in Gold are not showing good signs as of now, i wish to have at-least 10-15 % of my savings in Gold. This is because of old convention that in case of war-like situations gold is probably the best asset. I have also heard that there is a huge amount of black market in case of genuineness of gold. So kindly advice me the best way to invest in Gold.
- From age old family goldsmith or renowned Brands like PNG,Sathe, Ashtekar or Waman Hari Pethe?
- Recently launched Government schemes? Also wish to know how savings in Gold will affect my Tax liability.
Ajinkya-Do remember that gold is the volatile asset like equity but gives you the return of debt category asset classes. So is it very much necessity to have? There is no truth that in case of war, gold will perform better. With proper diversification, you can earn more by investing in other asset classes like debt and equity.
If your goal is just an investment for long term, then use recently launched Government Gold scheme or gold ETF.