Gold is one of the oldest investment assets that are safe, highly profitable, and very useful. Whenever the stock market reaches a difficult period, the demand for Gold skyrockets. That is why this time should be used fairly well to invest in Gold in Australia. But if you do not know how to make this happen, this article is for you.
- Jewelry
In India, investing in Gold via jewelry is very common. It is regarded to be the safest and quickest way to earn a lump sum profit. However, the only drawback is the making charges that can become quite a concern for some people who wish to opt for this method of investing in Gold. That is why you need to be very thoughtful about spending chunks of your money on jewelry.
- Solid Gold
Solid Gold is also referred to as Biscuits or Bars today. They may also come in the form of coins. Generally, in this type of Gold the making charges are very less, and you can also scout for good investment returns on time. But the only risky element in making investments in Solid Gold is that you can be exposed to theft and robbery. So, you may need to be very careful about how you preserve the Gold.
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- Gold Schemes
Today, you can find a plethora of Gold schemes in the market. Generally, these Gold schemes act as SIPs wherein an individual can deposit a certain amount of money each month. However, instead of doing this at an online platform, one needs to deposit the money at a jeweler. Generally, these schemes can last for 11 months or even more. As soon as the scheme reaches its expiry or maturity, you can buy the Gold and have a good profit on time. But before you proceed with this type of Gold investment, make sure that you select an affordable policy, and the jeweler is reputed to avoid any risk of fraudulence.
- Digital Gold
With the advancement in technology, individuals can now even start investing in digital Gold for a hands-down profit. This is allowed by many Fintech platforms too. So, if you wish to do this, you need to begin making transactions on Gold at the market prices. Once done, you can redeem the Gold when you sell it in the market. You can also get a physical Gold in return for your investment, as most of these platforms have direct tie-ups with Gold manufacturers.
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- Gold EFTs
Exchange-traded funds that make investments in Gold can be highly fruitful for you in the long run. Mostly all of them are found being traded on the stock market. Apart from this, you need a Demat account to make possible Gold EFT investments. This will help you learn a lot about safe investment options in Gold as well.
The Bottom Line
All of these investment options in Gold are safe, flexible, and proven to provide considerable profitability. However, you will require to be careful about which options are most suitable for you. So, choose one accordingly.
