Purely from investment angle it makes no sense to invest in gold jewellery for use at a future point of time. Generally, it is seen that people buy jewellery specially during festive season specially when there is no making charges. This jewellery is being purchased for let us say the marriage of your dear daughter which however is to take place a decade later. Hence, it is recommended that in the year 2013 do buy jewellery when the purpose is to buy for your own use and wear but abstain from investing in jewellry in case you plan to use the jewellery for marriage in the family which will take place after a long interval because the jewellery would become outdated. It will however be better to go in for buying gold coins and investments through Gold ETF.
The author is Tax and Investment Consultant at New Delhi for last 40 years. He is also Director of M/s R.N. Lakhotia & Associates LLP & The Strategy Group.E-mail : slakhotia@airtelmail.in
No comments:
Post a Comment