Are Gold Investment Guide profitable?
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Answer ( 1 )
In Long Term Gold Investment Guide is always profitable, in short term it can cause loss also.
My age is 30 now, and when I was 14/15 year old I have brought a 100 Gram gold bar for just around 42,000 Rupee (my father make jewelry and I went to purchase gold as we are taught from the beginning how to handle cash etc).
And I have also purchased a 100 gram Gold bar for 3,25,000 in year 2013/2014 and after that gold have seen around 26000 rates also so the person who Invested in year 2000 have multiplied their Gold worth around 8 times and those who Invested in year 2013 have beared a loss of around 10–20 % within a year.
Gold is used from ancient time as an Gold Investment Guide as it provide security of uncertainty so it’s always adviced by Indian parents to invest in gold.