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Build your emergency fund by Gold. Gold vs Your Salary.

Gold as investment
Gold as investment

Most people thinks gold as best investment in India. They buy and save gold as investment. It is fit for investor,

  • who can invest at least 30,000 rupees at one shot to buy gold.
  • who is not averse on return.
  • it is not fit for investor who wants to invest 500 rupees monthly.
  • it is accessible to all and it would give best return.
Why you should buy Gold:

Gold is very good investment in India. It is accessible to everyone and it is easier to buy. Gold can be used to raise your emergency fund. Gold can be accumulated and it would help in case of emergency.

Gold is best investment and Help in case of Emergency.
Gold vs inflation:

Gold would make you to understand the real value of inflation.  How it would make you understand inflation against your salary.  Let us discuss your salary and gold rate.  In case your salary in 2013 is 30,000 rupees.  The gold rate was 30,000 rupees/10 grams gold in 2013. In 2013, your salary is 10 grams gold. Let us compare today. Today gold price is 44,000/10 grams. In case you are getting salary less than 45,000 rupees, you are in great loss.

Gold is easiest tool to understand inflation and worth of your salary.
Gold as Emergency Fund:

Gold would be helpful in case of family emergency. You should have 400 grams to 500 grams. It would help you to raise 10 Lakhs by pledging the gold in bank. Start raising emergency fund by gold.

First financial goal is to raise 400 grams gold.
  • Gold price always goes up in long term.
  • It would give 9% to 10% in longer term
  • Gold is a liquid asset you can get it cash anywhere anytime.
  • 400 grams gold would give your easily 10 lakhs in case of emergency.
  • In case of emergency/disaster, you can easily carry your wealth with you. You can start your new life in new place with your gold.

After accumulate 400 – 500 grams gold,  start your investment in shares, mutual funds and bonds. It would give you better returns in longer term. Build emergency funds by Gold, invest in bonds, start mutual funds and stock market investment. Diversification would increase the wealth and reduce the risks.

power of liquidity and stability against market condition makes gold as best option

In longer term, gold would give 10% return compare to stocks and mutual funds. But the power of liquidity and stability against market condition makes gold as best option. Start by buying minimal amount and accumulate around 400 grams.  It is usable, investment and easily convertible asset for you. Happy Buying:)