Advantages of Investing in Gold

Gold is one of the most precious metals and is considered to be a very convenient investment avenue. In India, gold has always had a lot of significance attached to it as it is considered to be auspicious to purchase during festivals like Dhanteras and Akshaya Tritiya. These days, with the advancement of technology and the digital marketspace, it is possible for people to buy 24-carat gold online as well from reputed companies and NBFCs. From gold ETFs (Exchange Traded Funds) to gold ornaments and jewellery, there are many ways in which people can make an investment in gold. However, one of the most popular ways is to buy gold coins online. A gold coin offers many benefits as opposed to other forms of gold:

Affordability

Gold coins are available in varying weights, generally starting from as low as one gram. This makes it easier for more and more people to buy gold coins as you do not need to burn a hole in your pocket. While jewellery, ornaments, gold bars, etc. may be a little expensive for some people, gold coins offer higher affordability.

Portable

Owing to their size, it is very easy to store and transport gold coins. They do not require too much space either.

Liquidity

If at any time you have a sudden financial need, you can sell your gold coins to generate some quick cash. If you have a number of gold coins, you can sell a number of them to meet the present need and keep the rest of them safe. This is not possible with other forms of gold as you will have to sell off the whole piece of jewellery or gold bar, even if it costs more money than you require at the moment. Also, as gold coins are cheaper individually, it is also easier to find buyers for them on a short notice.

While gold coins offer a number of benefits, it is a fact that investing in gold, regardless of what form you choose, is one of the best ideas. It offers you great financial security and peace of mind in the long run.