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#GOLD investment in #India ?
Most of us are hearing a lot about #SGB - Sovereign Gold Bonds these days. In this thread, I will try to explain my understanding
Sovereign gold bonds(SGB) were introduced by the Government of India in 2015 under the Gold Monetization Scheme.
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Most of us are hearing a lot about #SGB - Sovereign Gold Bonds these days. In this thread, I will try to explain my understanding
Sovereign gold bonds(SGB) were introduced by the Government of India in 2015 under the Gold Monetization Scheme.
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SGBs are substitutes for Physical gold, the bonds are issued by RBI (Reserve Bank of India) on behalf of Govt of India.
Imagine buying gold but in non-physical form, the price of the bond increases and decreases with the price of Gold in the international market
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Imagine buying gold but in non-physical form, the price of the bond increases and decreases with the price of Gold in the international market
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Why SGB?
For investors who would like to keep GOLD as an investment class in their portfolio, #SGB offers a lucrative option with a few advantages
Advantages
1) No risk of buying impure gold - You buy the bond, its held in the books of the RBI or in Demat form
3/n
For investors who would like to keep GOLD as an investment class in their portfolio, #SGB offers a lucrative option with a few advantages
Advantages
1) No risk of buying impure gold - You buy the bond, its held in the books of the RBI or in Demat form
3/n
