Precious metals are always a reliable way to keep your investments safe. Gold is known to be the second popular mode of investment next to bank deposits because gold investments are free from taxations. Not only because of taxations, but also for its beauty and luster, Gold necklaces and Gold chains stand as perfect examples for a perfect mode of saving and investment. With a population of 1.1 billion, India tops the list in Gold consumption. The latest trend in Gold investments is done on Bullions which means coins or bars of precious metals like Gold and Silver. Well, let's take a look on the pros and cons of Gold as a mode of investment.
Besides the beauty and luster of more help Gold ornaments like Gold necklaces and Gold chains, one of the other reasons why Gold remains to be a favorite thing to all is because of its demand and scarcity. Facts of U.S mint says, gold is so rare on Earth that all of the gold ever mined could fit into a cube that is just 60 feet on each side. To be more accurate, in past decade it is found that the consumption of Gold has actually exceeded the production. Also the undesirable fluctuations of dollar values have automatically turned Gold into a more valuable investment. Gold bars, Coins, Digital Gold currency, Jewelry, Collectible coins, Gold mutual funds, Exchange traded funds, Leveraged Gold investments, Gold certificates, Gold mining company stock, Gold chains, Gold necklaces are the different ways available to invest in Gold.
And now let's see the downsides of investing in Gold. One of the main problems associated with Gold investments is the high value of premium to be paid and also you aren't just paying for the gold itself because you're also paying for the workmanship that went into crafting the piece, the shipping and so on. This implies that you need to find the very best deals for compensating up these other major costs in the event of shooting up of gold prices. Also Gold does not pay attractive interests as stock dividends and bonds do. There is no guaranteed return for gold investments too. Suppose if a country wishes to sell off their Gold metal stocks then there are chances for it may lead to surplus of the metal in the market which in turn brings down the prices.
So if you ask this question to yourself, Is Gold jewelry a good investment then well, the answer is this. If gaining high profits is your motto then for sure it will be very tough to make such higher level of profits out of gold. But there are chances though if you buy a timeless piece that becomes an antique or you get a really good deal and can sell the piece of gold.