Many of you will have questioned if gold is a good investment based on the rapid increase in the gold price. Or due to the policy announcements by global central banks.
Gold remains an essential asset in the reserve holdings of several countries such as the USA, China, India, Russia, Japan. The International Monetary Fund also holds gold.
You can either buy physical gold or paper assets representing gold as a beginner. The best way to invest in gold depends on your comfort level and need.
Buying Physical Gold
If the gold you buy is of lower purity than what the dealer promised, you will lose money. Always buy from a trustworthy gold dealer.