The glitter of Diwali is never complete without gold. For most people, buying even one gram of the yellow metal is an integral part of the elaborate ritual of welcoming Goddess Lakshmi home. You can always buy gold if you like wearing jewellery or want to buy the yellow metal for investment purposes.
Any Time Is Good Time: If an investor wants to buy gold for auspicious reasons, there is very little we can say here. But otherwise an investor can hold on till the prices soften. For most investors, any time is the right time to buy gold. Gold prices keep fluctuating. It is better to have a staggered approach to buying gold
How, When & In What Form? : More than the timing and prices, investment experts are more concerned about in what form individuals should buy gold. The most preferred modes of purchases, according to them, are Gold Exchange Traded Funds, branded bars, coins, jewellery.
Sure, gold may burn bright as long as clouds of uncertainty hover over the global economy. However, don’t expect gold to blaze with the same intensity forever. Remember, the yellow metal is always used as a hedge and is mostly used as a shock absorber in a portfolio when everything else goes wrong.
Source: ET
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