Gold has time and again proven itself to be a safe haven. It makes sense to make it a part of the portfolio in spite of notso-great returns
Indians love gold. The country is the world’s second-biggest buyer of the yellow metal and consumes 800-900 tonnes of it annually, as per the World Gold Council. But does it make sense to make gold part of your portfolio?
ALL THAT GLITTERS? More than a crucial investment avenue, gold should be looked at as a tool to spread risk and diversify. It is a safe haven during economic volatility, especially during phases of high inflation.
Experts suggest an exposure of 5-10 per cent. Balwant Jain, an independent tax and investment expert, says, “While one should hold around 5 per cent in gold at any time, currently we are recommending investors to park 10 per cent in the metal,” says Jain.
MIDAS TOUCH WOES
This story is from the January 14, 2019 edition of India Today.
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This story is from the January 14, 2019 edition of India Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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