Gold…
Is an Insurance scheme against monetary calamity
Gives decent returns in the long run but also stagnates for prolonged periods (people conveniently forget this 😊)
It’s basically holding USD $ s @ our end since we import over 93% of whatever is consumed here
Returns / Price in india are derived from …. Global gold price + USD rate to INR + Customs duty in india
Is a safe haven metal
Is tradeable easily
Is transferable from hand to hand
Is super high liquid
It can be passed onto generations
Best….We Never Sell Physical Gold, once bought 😂
Can be purchased in various forms & purity
Paper Gold # does not equal Physical Gold (like it or not, that’s the reality for it to work as an insurance scheme)
Gold Kings of SGBs (Sovereign Gold Bonds)….the maturity timing of the same impacts one’s return, not one’s great investing mechanics (hope the same worked for them on other investments too 😂, but or doesn’t)