With the rising trend in digitalization, the demand for gold has shot so high in the global market due to the convenience & ease of ordering gold from your home. A survey by the World Gold Council suggests 27% of global gold coin purchases were made online in 2022, compared to 19% in 2021. This trend is expected to continue, driven by convenience and accessibility.
You might already know all these things indirectly & probably have read a few blogs on this topic but we bet this is gonna be different. In this blog, we have broken down the tips in the form of an adventurous journey of you making a ship of retirement, didn’t get it? Stay Tuned!
Investing is like making a ship out of your hard-earned collected resources. This is the ship of your retirement, when you’re done making it you’ll enjoy every moment without stressing about finances & enjoy the peace of mind while sailing on top of the high waves of inflation.
However, it is completely your choice whether or not you want to return to the shore and enjoy the work, but not under any pressure of finances, it’s just you and your world of fun.
Without any further due, Let’s get directly on the points to make your ship resilient & strong against every economic storm you can ever imagine.
Imagine you had to choose the material for sailing, you would first ensure the quality that won’t damage/ rust or sync in any turbulences like an act of god & etc.
Fun Fact - Due to the less reactive nature of Gold and Silver, they’re known as noble metals and do not rust when exposed to moisture/water.
Source - Byjus.Com
Yes, we know everybody in the market will claim that they have the best material for you to sail but how do you ensure it won’t sync?
It’s the BIS, ISO & Assayer certifications on the blister packs you should look for & below is the image that shows the same
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It’s as easy as browsing the internet and entering the BIS mark number on the website
Now, of course, it’s the hallmark will be handy but how do you know if that hallmark is viable or not?
Don’t worry, we’ve got your back and below is the BIS Care App on which you can enter the Hallmark Number and get it verified, Now Isn’t that amazing?
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Source: BIS Apps
It’s very obvious the cheaper, the better right? WRONG!
In the case of gold, it’s not that simple because you must get the purest metal at the best market price, BUT HOW? It’s very very very simple!
You directly buy from manufacturers like Gujarat Gold Center which provides you finest 999 gold coins trusted since 1991 without any middlemen, saving you the cost.
In our case, there are many factors affecting the price of gold & it is very crucial to get it at the best price because you will be able to buy a little more in the same amount for example - If you have 600 rupees & you want to buy 200 Rupees Per Kilo product then you can buy 3 of them but if the price is 150 per kilo, you could buy 4 of them instead of three!
Isn’t that great? You will be able to build a bigger & stronger ship for extra comfort of your retirement!
It’s self-evident that you are not the one sourcing the best material and building the entire ship by yourself
Unlike jewellers where you require intricate designs that are hard & costlier in terms of making chargers, the gold coins do not attract them.
You may take the same example in the previous point where you benefited by buying at Rs.150 per kilo but imagine the final billing is 200 rupees per kilo then you’ll again end up buying less.
This may seem a very small factor to you but it’s very important because when looking at the long-term perspective, compounding is the eighth wonder be it your cost or your investments.
In case you are still on the shore and you face an emergency the seller you bought materials for your precious ship, should offer you buy back guarantee at live market price even if it’s higher than what you bought & that is the sign of humanity in this world
What if you are still on the shore(in this case not retired), you face an emergency and you don’t have funds then what? In this scenario, you should be able to sell the materials you bought to build your ship (gold). Imagine you just saw the seller & he/she’s here for your help to buy back. That’s what exactly you should prefer buying from next time.
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While sailing you must have the first aid kit with you, In this scenario you should always buy insurance in case of a medical emergency and have at least 6 months of salary before you purchase a gold coin for retirement.
There are many benefits of buying your gold online and some of the major benefits are as follows -
Online Gold E-commerce market is comparatively newer than the traditional gold market so, they offers you an insured delivery at no extra charges and also offers best live market rates.
Gujarat Gold Center is the best example because it has been in the industry B2B market since 1991 and now offers you the same authentic quality product at your doorstep.
When you Buy Gold Coin Online there are many options like 1g, 5g, 10g, etc and you can choose according to your budget/ your investment goals.
In conclusion, this was just a fictional journey to your investment but on a serious note, take care of your finances and we hope that your boat floats very smoothly, very soon!
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