Thinking of buying gold – Consider gold ETF and gold bonds

Dhanteras, technically known as Dhanatrayodashi, is the auspicious day on which many individuals prefer to buy gold. Bullion gold, ornaments have been the first preference for most buyers. This year though jewelers have been expecting lower sales compared to previous year, due to weak gold prices in last one year, gold is not totally written off by investors. Many experts are of the opinion that the gold may not do well in short to medium term. “Gold will not be the preferred asset class for investors for next 4-5 years,” says Nitin Jain, CEO – global assets and wealth management, Edelweiss Financial Services. However, he advises investors to keep around 5% to 10% of money in gold from the portfolio insurance point of view. 

Click here to read more>>