Gold, Silver Safe Havens Of Investing
Fortune India|January 2022
Investing in precious metals can hedge your portfolio as world markets go on a roller-coaster ride due to Covid-19.
P.B. Jayakumar
Gold, Silver Safe Havens Of Investing

Rajan Ramakrishnan, who worked for over 30 years with a UAE power utility, is settling down in his hometown in Kerala. He has refurbished his home, bought an SUV and started a small bakery and coffee shop. He has invested in Post Office Savings Scheme, put some money in mutual funds, and bought health and pension plans. However, Rajan and his wife, Parvathy, are worried about low returns from bank deposits. They are also concerned about risks associated with mutual funds. Their two daughters, 19 and 21, are studying in Canada and England, respectively. Their next dream is the grand wedding of the daughters. “Gold and jewellery will cost at least 20-30% more when they wed after three-four years,” says Rajan.

So, when Covid-19 second wave was at its peak and prices of gems and jewellery were crashing, he invested in a gold and diamond plan of a leading gems and jewellery chain. He will pay instalments for three years and on maturity can buy jewellery and diamonds at prices prevailing at the time of enrolment. “It is a good bet from savings point of view,” he says.

Like Rajan, numerous people in India are looking at gems and jewellery and other precious metals as a longterm investment option. With returns from traditional investment avenues such as mutual funds getting riskier and fixed deposits yielding little, the trend will increase, say experts.

هذه القصة مأخوذة من طبعة January 2022 من Fortune India.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة January 2022 من Fortune India.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.