How to Invest in Gold

 Like all type of investment like investment in shares, mutual funds and real estate property, gold is also good investment. Gold is the metal which is the part of commodity investment. 

Steps of Gold Investment will Decide from Answer of Following Question

Question :- 1. Why do You want to Invest in Gold 

If you want to buy gold for one years and earn profit and sell it. Forget it. Practically, you will face the loss like me. 

One of my biggest mistake as investor that I sold my 10 Grams gold coin which I bought from SBI Bank at loss of Rs. 6100 only keeping one year and did not wait for more than 2 years. Today price of gold is Rs. 38700 and if I will not sell one side, I save from loss and second side. I earn profit. So, gold investment is one of great investment which need patience for long time if you anyone wants to get profit from value appreciation of gold. 

So, you have to invest in Gold for 10 years, if you want to buy today gold, you have to buy it for 10 years. 

So, your First Step starts of your process of Investment in Gold

1st Step : Commitment to Invest in Gold for 10 Years

Buy any Notebook and Write, "Investment in Gold "

where you have to write

I  ( Write your Name here) hereby declare that 

1. I am buying gold lumbsum or per month installment and I commit, I will hold it for 10 years ( from today date to 10 years next date for example today date is 6-4-2021 and next 10 years date will be 6-4-2031) 

For example, I have habit of buying gold

So, today, I see loss of 12% investment, my invested Amount was RS. 6400 but it is decreased 12% but I ignored this fact and bought Rs. 300 new gold because I committed to buy and increase my wealth long run

2. I will not sell even the price will decrease, it is short term fluctuations and it only gives me fear but I will control my this mind weakness and I will continually hold for 10 years and keep buying the Gold

2. I will not buy the new gold by just seeing that price is increasing, it will be greed. I will commit only what is my regular installment. Yes, I will buy if I have more money without seeing the current price of gold. 

Question : Which Type of Gold You want to Buy

Do you know it, if not, I can tell you, this is second step to invest in Gold

2nd Step : Buy physical Gold or Vaulted Gold

 you can buy physical gold from market or vaulted gold from google pay, paytm and phonepe

vaulted gold is helpful to free from security of gyour gold. It will be kept in your online locker. Moreover, you can convert vaulted gold into physical gold by paying small fees to google pay or paytm or phonepe.