raksrules
Northstar
First I want to clear that I am aware that SGBs is ideally a very good way to have gold exposure in your portfolio. But lately, there has been no new tranches and also there is lock-in period of 8 years (to avail tax free returns). I am trying to diversify my portfolio which is equity heavy, into a fixed amount in gold purchase every month (or collect money and buy every quarter or something).
I know buying jewellery is a bad idea from investment perspective. I am leaning towards 10 gms bars or coins or so instead as they should have almost no making charges. I plan to reduce my mutual funds investment by 20K per month and collect this money over say 4 months and then buy a 10 gms coin / bar.
I would appreciate views of people who know better than me in this regard.
I know buying jewellery is a bad idea from investment perspective. I am leaning towards 10 gms bars or coins or so instead as they should have almost no making charges. I plan to reduce my mutual funds investment by 20K per month and collect this money over say 4 months and then buy a 10 gms coin / bar.
I would appreciate views of people who know better than me in this regard.