answersLogoWhite

0

Gold as an Investment option is very attractive. When I was in my school my mom used to buy 10 grams of gold at the price I get her 1 gram now. That is how much the price of gold has gone up in the past 10 years. Also, gold is a limited resource. In India especially we do not have many gold mines that have been able to consistently produce as much gold as some nations around the world are producing. So considering these 2 factors Gold is a very attractive and a comparatively safe investment option.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

Should you invest in gold?

Yes. Gold is one of the most profitable commodities in the world market and investors world wide are investing in it


Where to invest in gold?

There are many places you can invest in gold for your retirement account. You want to be sure you can know you can trust the gold and precious metals company you invest with. You can check out mygoldrolloverira.com for a complete gold investment company review as well as receive your free gold investors guide.


Can you use the word profitable in a sentence?

It would not be profitable for me to invest further time in your project.


How much does it cost to invest in gold?

The cost to invest in gold varies depending on the amount you want to invest and the current market price of gold. You can buy gold in various forms such as coins, bars, or exchange-traded funds (ETFs). It's important to consider additional costs like storage fees and transaction fees when investing in gold.


Can you tell me how to invest in gold?

You can invest in gold by purchasing gold thrugh a store or online. You can get some on the following website:http://www.gold.org/investment/.


What is better to invest in gold or silver coins?

That depends on the amount of money you have. If you have lots I would invest in gold but if you don't have much to spend I would invest in silver.


What is africas most profitable commodity?

Gold


Why we should invest our capital into your business?

You can encourage people to invest capital into your business. People should invest capital in a business when they believe the business will either be profitable or fill a social need which is important to the investor.


Are apartment rentals a profitable business for someone under 30 years of age?

Yes, renting apartments is a profitable business, assuming you have the money to invest in the purchase and upkeep of the apartments.


How to learn how to invest in gold?

One can learn how to invest in gold at many online sites. Some of these online sites are "Goldtrustfinancial", "Investopedia", "Usawatchdog", and "Freeyourmindonline".


Where the insurance company invest their funds?

the insurance companies invest their fund in any profitable business opportunity such as in making roads, establishing bridges, tunnels and many more similar projects


At what age do the majority of people begin investing in gold?

Most people who invest in gold, regardless of age, are at a time in their lives when they can afford 1200 usd per ounce of gold. This site can help you determine if you would like to invest in gold: http://badmoneyadvice.com/2010/07/should-you-invest-in-gold.html