4 Legit Reasons to Invest in Gold Coins

People buy gold coins mainly due to three reasons - personal savings, family gifts, and corporate gifts. During festival and wedding seasons, gold coins are in high demand and thus bought online as well. Individual investors normally buy gold coins to save money. The following are some of the reasons why you should consider purchasing gold coins:

1. Gold is a tangible asset

The benefit of carrying a tangible asset like gold coins is that it cannot be deleted or hacked. Gold coins, unlike bank accounts, brokerage accounts, and credit cards, are inaccessible to hackers and identity fraudsters. It is a smart idea to have some of your wealth in tangible form in today's digital environment.

2. There is no counterparty risk

When you have gold coins, you don't need a paper contract to make it valid. There is no chance for a middleman or third party to fulfil contractual obligations. Gold is the only asset that does not create a liability for another person. Furthermore, gold will always be valuable. When you need money, you can sell it.

3. Liquid and portable asset

Gold coins are an excellent choice because they are portable and highly liquid assets. Selling gold coins is a faster process than selling stocks or debts. Brokerage accounts typically settle and transfer the money to your bank account within three business days. Because gold is portable, you can take it with you anywhere in the world.

4. There is no maintenance or carrying costs with gold coins

Gold is a valuable commodity. You may carry lakhs of rupees in gold in the palm of your hand. While a professional storage facility does charge a fee, you can always store or store gold in your own home. Gold coins, unlike real estate and other tangible assets, do not require maintenance.

Hope these reasons are enough to encourage you to invest in gold coins. But whenever you decide to purchase, choose a reliable jeweller/bank/NCFC and don’t forget to check before you purchase, first check the price of a gold coin today online to be aware of the gold rate on that day.

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