Hey All,
I hope every one of us is doing good. I am back with another wealth generation plan, that came into my radar recently when exploring our beloved Shining Metal GOLD.
We have all seen the increment in Gold prices over the years if not at least we would have heard from our parents at least once saying that Gold prices are way below now in their young age. Those are real. I hope most of us know that Countries can print currency based on their Gold reserves too( this is not the only gauge of the measures).
Investment:
For many people still buying gold is dream-like us( I was about to say only about me and here come our Teamwork). Below is the historical price of Gold my bad I am not able to predict the future if possible I would do that too for us :P.
Advantages of investing in Gold.
1. Appreciation in its price.
2. Hedge against money or any market situation.
3. Compounding Wealth creation in many ways
Benefits:
We all know various benefits of Gold according to the situation and environment we are in. I have some rough understanding about it, I know many of us faced more than I do and have very good knowledge of it. Let us look into how this yellow metal is providing us returns when we invest in the following scheme
1. Sovereign Gold bonds.
2. Gold monetisation scheme
For many people, only the second option looks interesting(It was for me) because we might not be aware of that.
Sovereign Gold Bonds(SGB):
We all know we don't need to pay any LTCG(Long Term Capital Gain) for the returns we get from Gold bonds. If we hold it till the maturity period On top of it we might get interested of 2.5% every year which is 20% of return on capital after 8 years with price appreciation.
Gold monetisation scheme (GMS):
We all know everything comes with a certain risk, in the scenario of Gold our initial capital is huge and this time we are going to believe our Govt, not any private or NBFC(Non-Banking Financial Company).
The minimum investment amount for SGB is a minimum of 1 GM of Gold. but for this GMS we should have a minimum of 30 GMs of Gold. That sounds like a hell lot of money. this is how we can make money with minimum risk.
Under this scheme, we get 2.25% interest annually for a short-term deposit of one year to three years. Medium- and long-term deposits get a 2.5% interest rate.
Note: I am not promoting any other Ponzi scheme or MLM scheme. I am just sharing my view based on my observation of how HNI people are making money. Now it is up to each of us to decide. Stay tuned for further investment options, which I will share with us through blog posts whenever I come across something interesting.
Happy investing.
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