Investing in Gold, go for Gold Coins
Wikipedia defines a gold coin as a coin made mostly or entirely of gold. Gold has been used for coins practically since the invention of coinage, originally because of gold’s intrinsic value.
Wikipedia defines a gold coin as a coin made mostly or entirely of gold. Gold has been used for coins practically since the invention of coinage, originally because of gold’s intrinsic value.
Gold is a monetary metal whose price is determined by inflation, by fluctuations in the US Dollar and stocks, by currency-related crises, interest rate volatility and international tensions, and by increases or decreases in the prices of other commodities.
For thousands of years, gold has been valued as a global currency, a commodity, an investment and simply an object of beauty. In Indian context, investment in Gold also has a religious and socio-economic importance. Buying Gold on occasions of Diwali, Akshaya Tritiya or on special occasions such as marriages and birth of a child is considered auspicious.
When we talk to any investment advisor, terms like “asset class”, “asset allocation”, “diversification”, etc keep cropping up. It is very important for a lay investor to understand these terms to make an informed decision. In this article we will discuss the basics of Asset class.