Is Gold the best Insurance?

Is Gold, the best Insurance for Life?

Gold, the word itself, is capable of attracting the minds and hearts of everyone. There are fewer people who might not like Gold. Do you know, as per the reports of 2019, there are 197,576 tonnes of Gold on Earth? What if you buy some of it to ensure the future of yourself or your loved ones? We will see some massive advantages of Gold being the best life insurance.

Why insure with Gold?

Gold, the precious metal, might not bring you, much loss compared to other investment policies. You might think, what if there is a recession period across the globe? Will Gold be valuable, even at that time? The answer is, Yes! Considering the 2008-2010 period, particularly known as a recession time, the average gold price hiked up during this period, while every other thing was down.

 The average price of Gold in 2007 was around INR 10,800, which increased to INR 12,500 in 2008, INR 14,500 in 2009 and INR 18,500 in 2010. The increase in price, significantly proved, that recession might not cause harm to Gold, instead, during such period, Gold proved to be the boon for people.

Looking at the hike in Gold Price.

If you all readers are aware, then during Demonetization of 500 and 1000 currency, all the people in the country rushed to Jewelry showroom to convert cash into Gold, which every Indian know, is the Safest Haven Asset in terms of Calamities and Gold jumped to INR 60,000 per 10 gm of 24 karat Gold from INR 30,000 on November 8.

 We also know that 2020 has been a harsh year for almost all common people across the globe, followed by Covid-19 Pandemic. many lost their jobs, many made a huge loss in their business, many businesses shut down completely, but Gold touched Sky high.

 As per the Economic Times, in June 2020, the average daily turnover on the Multi Commodity Exchange has increased to INR 8,268 crores. In 2017, the average daily turnover was INR 2,769 crores. Gold has always rallied upwards when all the markets in the world have struggled.

Is Gold safer than other Investment?

Comparatively, Real Estate investment requires a huge amount of capital, which is not everyone’s cup of tea. And the situation of Real Estate is pretty much visible currently post Demonetization and also now post Covid-19 Pandemic, where businesses have ruined completely.

Bank Fixed Deposit Investment, economically gives negative return when we compare the same to the inflation rate increasing every year. Stock Markets which are highly unpredictable, followed by bigger and better Scams, day by day, are preferably the best option when we are fine enough to let go off the amount invested and when we don’t even care if we lose the amount invested in the same.

Network Marketing companies, popularly known as MLM Companies, runs with a Ponzi fraudulent Schemes, promising high returns but then once the scam is exposed, they run away taking the money of Investors. Gold bonds, which are supposedly the other best investment option projected in the market, is just a piece of paper handed over to you, which can overnight become useless, once the policy of government changes, which often occurs with the change in the government.

 These investments are completely risky and can create a huge loss anytime.

        Why insuring with Physical Gold?

?     A small piece of Gold can be easily safeguarded by you, unless you do not publicize the purchase of the same to others.

?     You can sell the Gold anytime, anywhere, any place, across the world, getting the return in the same currency of the country you are into.

?     In times of emergency, you cannot sell your property, your shares, your other invested alternatives overnight. Gold, you can.

?     Historically, Gold has always given high return on Investment, avoiding the minor fluctuation in short term.

?     Gold never gets impacted with atmospheric exposure and remains the same even if kept for 1000 years.

  Ending Thoughts

If you are thinking of buying and investing in Gold, it is the right time. You can insure your savings with Gold every month by buying small amount of Gold after taking out all your expenses.

You can also contact Aura Jewel for any kind of assistance regarding investment in Physical Gold, Gold Diamond & Platinum Jewelry.