Mahendra Lunia, CEO of Vignaharta Gold Ltd, said that digital gold investing and investors need to know a few things before putting their money into gold. In this post we have shared some things to help those who want to invest in gold to act very carefully.
Explaining how much gold an investor should have, Mahendra Lunia said, “One should always have a large quota towards equity, while one should also have a significant quota on gold. Under adverse market conditions, there should be a minimum 7-15% quota for gold. The performance of gold also provides under side protection when faced with many adverse times.
Suggestions for Investors Gold bonds can be put into circulation online at any time. Whereas it will take some time to do this. If you invest in gold bonds they will not be subject to GST. Whereas 3% GST will be levied on the purchase of the item. It is important for many people to be aware of this.
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With the potential price increase on gold bonds, it provides regular credit to the investor. And it can often bring unexpected returns. The purity of gold is a major concern for many, but Lunia told them that investing in a gold bond does not make them think about this concern.
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Also, the long-term investor shared his vision on how to save money by choosing digital gold. “If an investor invests in gold for a long period of time under the Proper Investment Plan (SIP), he has to pay 3% GST every month, which is what he can save this GST money by investing in gold bonds. Lunia says the gold bond is tax deductible if it is held until maturity, and that it is very profitable in many ways.
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