Best Gold ETFs, Gold Bonds to Buy

Gold Loans

One of the biggest advantages of having Gold is to get a Loan at lower interest ratesfrom Banks or Financial institutions. But most of them don’t accept Gold Coins or Bars as Collateral. The specific reason is not yet known but it is definitely a big drawback for holding Gold.

Reuse

Many people buy Gold coins or bars so that they can use it to make Jewelry at a later time according to their needs and convenience. However we need to be more careful in choosing a Gold smith who can be trusted with this Job. This is because we don’t have much options to be sure of the purity of jewelry and also the wastage and making cost differs with each Goldsmith and can’t be ascertained earlier. Whereas Jewelry purchased from reputed shops comes with a BIS trademark and you were informed about the making cost and Wastage before buying them.