In a country like India, where jewellery is purchased and worn with fervor, gold coins don?t often hold as much excitement and interest.
While most Indian families follow the belief that buying gold is a safe investment, not many think beyond traditional jewellery. But if you have been considering increasing your gold investment, then here are a few reasons why you should consider investing in gold coins.
No wastage:
Every piece of jewellery is made by shaping and forming raw gold. During the soldering and cutting process, some gold is scraped away and this is known as wastage. Most Indian jewellery stores include the wastage charge in the price, which is absorbed by the buyer and each jewellery piece will give details on the percentage of gold wastage.
Gold coins are minted instead of designed, and this ensures you?re not paying for excessive wastage of gold. Some vendors do not charge wastage at all on their gold coins.
Low making charges:
Gold jewellery always comes with a making charge. This is the amount charged to the customer for the design. The more intricate it is, the higher the charge. Gold coins on the other hand come in both designed and simple mints, which you can choose between to save the money you spend and protect your gold investment.
Choice between 22 k or 24 k gold:
All gold jewellery is made with 22 k gold. This is because gold is a very soft metal and without an alloy mix to strengthen it, gold jewellery can get easily bent or break with use.
Coins on the other hand are purchased to be stored and sold later or melted into jewellery. Customers therefore have a choice between buying 22k carat alloyed gold or 24 k pure gold.
Easy to maintain:
Unlike jewellery which may need polishing and good storage, gold coins only need to be kept safe. The risk of loss, damage and reduction of gold due to polishing is minimized.
Buy back value:
Yellow metal is bought back based on weight, regardless of whether it is a beautiful necklace or a simple coin. Many jewelers will even scratch a little amount off your ornament to ensure its purity. While you may get a good market price for the weight, the money paid for wastage and design is now lost, and this can be from 10% to 30% of your purchase price.
Coins often come with a purity certificate which lets you know the value of your coin immediately. As you haven?t paid making charge or wastage, the return on your original investment is better.
Make sure you get all the information about the quality and purity of the Gold Coins. Careful steps to follow while purchasing it online, especially when you buy 24 Kt Gold Coins Online.
Click here to Buy Gold Coins with 100% guaranteed purity Online.
Source: http://goldsilver-etf.com/why-buying-gold-coins-is-the-best-investment-option/
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