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PROS AND CONS OF BUYING GOLD

Gold is an essential commodity in every household due to its nature of shining and rare availability.

People buy gold as an investment or as an ornament, so let’s have a look at Pros and Cons of buying Gold

PROSCONS
The self-satisfaction of having goldNeeds significant money to buy Gold
By wearing gold ornaments we look richMay not look rich by not wearing gold
Gold price appreciates as per InflationThe gold price can depreciate due to decrease in Inflation
Gold price appreciates based on global demand vs supplyThe gold price can depreciate due to oversupply/production
Storage, security, safety has to be taken care which adds cost Maintenance cost
Risk of theft
Risk of quality
Liquidation (or) makeover charges during the exchange will erode the value of gold

Please feel free to comment if you think I have missed any points.

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