Is buying Gold good investment? And you bought online or offline ?
DesignTinker
Stealth
9 months ago
I have purchased SGBs in demat format.
If you have ‘cash’, then buy physical (no tax). If you don’t have ‘cash’, then buy SGBs or Gold ETFs (tax is included in purchase value). There will be very small difference in terms of returns in the long term between physical and demat. But you must have allocation to gold in your portfolio, it never depreciates over a long term.
FindingHorses
Stealth
9 months ago
I have SGB's
Indusplateau
Stealth
9 months ago
Once us defaults gold will go up Irrespective of form.
Time and again gold has beaten inflation, preferably go for online for safety
kk25
Stealth
9 months ago
Offline only if you want to hedge against rupee collapse. I buy offline because I believe gov will put like gold control act in few years. Don’t have much faith in paper rupee too.
tenet
Stealth
9 months ago
I have used jar app to invest a small portion recently, just try to buy at right dips
In my opinion, gold is not an investment but a hedge against inflation( nicer way of telling collapsing purchasing power of fiat currencies). I have a small portion of my gold in physical form and a larger portion in SGB form. Again, the allocation should be within limits as others have pointed out.
offline market is super cheaper if you find a good vendor and it's tax free(upto a limit ofc)