BQ Money Workout: Why Gold Should Only Be A Tenth Of Your Portfolio
Financial planners say you shouldn’t count your gold jewellery as part of your investment portfolio.
Gold, like real estate, is one of the most divisive topics when it comes to personal finance in India. Traditionalists believe that it is the best investment to make, while money managers say it should at most be used to diversify your investment portfolio.
Perhaps the most universally accepted measure of wealth, gold is considered a safe haven--to be bought when the other asset classes, particularly equity, are volatile. That’s one reason why gold prices have risen consistently since last year.
In India, one of the world’s largest consumers of gold, the yellow metal it is bought not just as an investment but also as jewellery. Though in the minds of buyers, that line is often blurred. Financial planners agree that there must be a distinction between gold bought as ornaments and investment.
This BQ Money Workout episode explains why financial planners say that gold be only a tenth of your investment portfolio.