Growing up, we often hear how important it is to save the money that we have worked so hard to earn. Although sometimes, deciding how to do this can be a bit confusing.
If you’re a millennial and you want to “secure the bag”, then making sound financial decisions at the very start of your career is important. While investing in the stock market is usually the way to go, the mere nature and dynamism of it can be confounding. It takes a certain level of technical skill and a killer intuition, not to mention in-depth knowledge of the market to start trading.
So what if you don’t have that? Does it mean that for you making investments is no longer an option? Absolutely not. There are several other ways in which you can save money, make investments without having to do much. One such way is investing in gold, more specifically investing in gold coins.
Gold, being a precious metal, has high financial value and is a stable and reliable investment. It is hasslefree and will give you tenfold results in the future as its value keeps increasing with time. The more pure gold is, the higher it is valued at. Gold coins are simple yet will secure your future and come in multiple different levels of purity, like 14 karat, 18 karat, 22 karat and 24 karat, so you can choose the level of investment you want to make.
Typically, 22 karat gold coins and 24 karat gold coins are a good choice, if you are just starting off. The making charges of gold coins is negligible and that is what makes them a popular choice among many Indians.
Apart from their financial worth, gold coins also have great cultural significance as they are usually given to the bride and groom in Indian weddings, ceremonies and at auspicious occasions. Start building your investment portfolio and go get some gold!