Throughout history, gold has been viewed as a reliable investment, symbolizing status and wealth in South Asian cultures due to its durability, rarity, and low risk of devaluation. In the realm of finance, there is an investment that has consistently surpassed others, yet is often overlooked: gold.
When considering gold investments, exploring the South Asian market is a valuable option. Here are insights from a Carat Goldsmith expert:
"Over time, holding large amount of cash in hand or at the bank is unwise because currency depreciates while gold appreciates. A 100-gram gold bar valued at £600 to £700 two decades ago now sells for £6,500–£7,000. Investing in gold offers a secure strategy for preserving wealth as it gains value when other commonly held assets fall, indicating that keeping excess cash or savings long-term is not advisable".
Think About Authenticity
When investing in gold, it is crucial to ensure you buy your investment jewellery from an authentic, reputable supplier. The market is rife with pieces that are labeled as authentic fine jewellery but are merely gold-plated or of inferior quality. Buying inauthentic pieces is a common mistake for junior investors.Consider the purity levels
Understand the value of craftsmanship
Invest in your taste
Investing is not just about the money, it's also about finding an investment-worthy piece of jewelry that speaks to your soul. Choose pieces that resonate with you; pieces that you'd be proud to wear or showcase. When you're emotionally connected to your investment, the journey becomes more fulfilling, and your decisions are better informed.