Gold All of 23 years of age, Neeraj Chopra single-handedly heaved off India's 13-year drought for an individual gold medal after Abhinav Bindra (2008 Beijing Olympics). In the Tokyo Olympics on August 8, with his javelin, Chopra chronicled the country's record first gold in the elusive track and field competitions. While the gold might look stunning and glorious on India's sporting history and in Neeraj's treasure trove, we take a look into how well-suited, necessary and fitting is this traditional asset for the new-age portfolio. According to Viral Bhatt, Founder – MoneyMantra, holding physical gold as an investment is not a suitable option. However, they should opt for Gold ETFs (Exchange Traded Funds) or bonds "Gold has performed especially well in times of economic uncertainty or slowdowns and is a relatively safe asset class. Hence, for diversification purposes, having an allocation in gold of about 5-10 percent is advisable. The young generation can also opt for unconventional gold instruments like mutual funds, coins, etc." Sovereign Gold Bonds One of the most sought-after and recommended ways to invest in gold in a safe manner is SGBs or Sovereign gold bonds. SGBs are simply government-backed, intangible securities in denominations of 1 gram… Read full this story
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Gold in Olympics is great, but how does it look in your new-age portfolio? have 303 words, post on www.moneycontrol.com at August 10, 2021. This is cached page on Drudgereport. If you want remove this page, please contact us.