What is Physical Gold?
Physical Gold represents the traditional and oldest method of storing value. It takes the form of jewellery, gold coins, or gold bars (bullion). It directly puts a tangible asset in your hands. People buy physical gold for saving for marriages, wearing as ornaments, and directly hoarding wealth.
Why Invest in Physical Gold?
- Tangibility: The satisfaction of physically holding an asset, immune from technological failures.
- Privacy: Does not require digital accounts, passwords, or continuous tracking.
- Ornaments: It can be used as jewellery rather than remaining an idle asset.
- Universal Currency: Easily pawnable and acceptable anywhere in the world during emergencies.
How to Buy Safely?
- Check BIS Hallmark: In India, you should only buy BIS Hallmarked jewellery (HUID) for purity assurance.
- Negotiate Making Charges: These range widely, negotiate with jewelers before finalizing.
- Protect Storage: Ensure you have bank lockers or a high-quality home safe and insurance covering the gold.
- Always Ask for Invoice: Mandatory to legally sell it back and track purity.