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Gold is one of the oldest commodities known to mankind. In India, people have an innate affection for this metal as its purchase on occasions like Akshaya Tritiya and Dhanteras is considered auspicious. No wonder why India is one of the biggest importers of gold. Not only does gold provide a hedge against inflation but is also considered the safest investment option as its price is likely to appreciate with time.
These days, one can easily purchase a gold coin online from banks and NBFCs in a matter of a few clicks. So, in case you are willing to buy a gold coin anytime soon, here are the top 4 reasons to do so.
It is Certified
Each Indian gold coin has a Bureau of Indian Standards (BIS) hallmark on it. This assures that you get only 24 carats of gold which is 99.9% pure. So, if the gold coin has a BIS hallmark, you don’t have to be worried about its quality and purity.
Good Investment
Experts say that gold should at least cover 5-10 percent of your investment portfolio. This will help in the better diversification of your investments. Gold prices frequently rise when the value of other financial assets such as equities and bonds decrease. You may therefore secure strong returns even in difficult times through investing in gold. And there is nothing better than gold coins to invest in gold.
Easier to Monetise
One of the best things about investing in a gold coin is that you can easily sell it when you need urgent cash. Unlike jewellery pieces for which you may be charged a fee if you attempt to sell them, gold coins sell instantly. Besides, you can also avail of a gold loan from a bank or NBFC against your gold.
Constant Quality
Papers get damaged when you store them for decades and years. Accounts may become dead. But over time, gold never gets affected with time. Instead, gold coins can be passed through generations and they are likely to appreciate with time.
You will enjoy the aforementioned benefits if you choose to buy a gold coin.
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