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
|The self-satisfaction of having gold||Needs significant money to buy Gold|
|By wearing gold ornaments we look rich||May not look rich by not wearing gold|
|Gold price appreciates as per Inflation||The gold price can depreciate due to decrease in Inflation|
|Gold price appreciates based on global demand vs supply||The 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.