DerpyDumpling
DerpyDumpling

Is buying Gold good investment? And you bought online or offline ?

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PeppyMarshmallow
PeppyMarshmallow

I have purchased SGBs in demat format.

DerpyDumpling
DerpyDumpling

How much tax we need to pay while Buying and selling?

WigglyHamster
WigglyHamster

No need to pay tax while buying or selling SGB(ie maturity)

SleepyTaco
SleepyTaco

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.

DerpyDumpling
DerpyDumpling

Thank you

GigglyPotato
GigglyPotato
Slice15mo

One more thing to keep in mind is gold only gives a good return over the horizon of 5-8 years. For diversification it makes sense to invest in gold, but don't go overboard only invest up to 10% of your portfolio

ZestyPotato
ZestyPotato

I can only afford RGB lol

PerkyDumpling
PerkyDumpling

I have SGB's

FloatingNoodle
FloatingNoodle
Zomato15mo

Time and again gold has beaten inflation, preferably go for online for safety

JumpyHamster
JumpyHamster

Once us defaults gold will go up Irrespective of form.

PeppyCoconut
PeppyCoconut

Buy sgb it's a good investment. Liquidation is great.

SquishyTaco
SquishyTaco

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.

WobblyRaccoon
WobblyRaccoon

I have used jar app to invest a small portion recently, just try to buy at right dips

GroovyWalrus
GroovyWalrus

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.

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