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#FF11 Why Gold is Going Up and How You Can Invest in It

What you need to know:
– Gold prices are on the rise in 2024, driven by factors like inflation, global uncertainties, and weakening US dollar.
– Gold is a traditional hedge against inflation and a safe investment option during uncertain times.
– There are several ways to invest in gold, including physical gold, Sovereign Gold Bonds (SGBs), Gold ETFs, and gold loans.

What does it mean for you?
– Gold can be a good addition to your investment portfolio, especially if you’re looking for a safe and stable option. It can help protect your wealth from inflation and market volatility.

Recommended action:
– Consider allocating a small portion (5-10%) of your portfolio to gold. You can invest in physical gold, SGBs, ETFs, or gold loans, depending on your preference and investment goals.

Here’s a quick breakdown of the different ways to invest in gold:
– Physical Gold: This is the traditional way of buying gold. However, it comes with drawbacks like storage risks, purity concerns, and GST on purchase.
– Sovereign Gold Bonds (SGBs): These are government-backed bonds that offer guaranteed interest income and tax benefits. They are a safe and convenient way to invest in gold.
– Gold ETFs (Exchange Traded Funds): These are similar to mutual funds, but they invest in physical gold. They offer ease of purchase and lower costs compared to physical gold.
– Gold Loans: You can take a loan from a bank or NBFC (non-banking finance company) using your gold ornaments as collateral. This can be a good way to access quick cash.
*source: https://lnkd.in/gfNSbKJF

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