Diwali is a time of celebrations, family time, pataake, sweets, fun and.. Gold! Women rushing to gold shops with their families is a common sight around Diwali every year. The lure and charm of the yellow metal have only grown with time, our approach to acquiring it should also get smarter with changing times.
Up until a few decades ago, it made sense to purchase Gold when the price seemed right, or right before a big occasion, like a marriage, or when there were savings that needed to be invested, or during festivals. It was need-driven. But now with more disposable incomes and improved financial knowledge en masse, it’s wiser to acquire gold more strategically in line with the bigger financial life plan. This is where Gold ETFs (Exchange Traded Funds) come into the picture. Gold ETFs can be acquired in affordably small quantities of as less as 0.5gms whereas physical gold is available starting at 5-10gms. Gold ETFs offer the flexibility of purchasing Gold as often as possible. Gold ETFs offer a convenient mode of storage and reduce the number of visits to a bank for safe keeping each time a little more is purchased. Small amounts invested periodically in Gold ETFs when we have the money to spare especially during special occasions (such as Diwali) can help amass a considerable amount of Gold with time. And when needed these Gold ETFs can be exchanged for physical gold. Investment in Gold ETFs can help us to take advantage of the fluctuating costs as well.
This Diwali, gift your loved ones a Financial Plan with Gold ETFs instead of physical gold and help them secure their financial future. To know more, click on the lick below and talk to your own Financial Advisors.