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Wednesday, Dec 01, 2021
Outlook.com
investing

Glimmer Mantras

As investment, gold can at best be a way to diversify portfolio

Glimmer Mantras
Amit Haralkar
Glimmer Mantras
outlookindia.com
-0001-11-30T00:00:00+05:53

The reasons behind gold’s phenomenal rise as an investment option are really quite simple. When large parts of the world are teetering on the brink of financial disaster, the focus naturally turns to the one currency that is in limited supply. From virtually little noise five years back, gold is roaring back as an investment option. You don’t need to hire a financial planner to tell you that. Despite a recent price correction, investors remain eager to jump on the gold bandwagon.

The question everyone is asking is, does it make sense to enter the market at today’s rates? The standard advice from a bulk of advisors and portfolio managers remains the same: “Invest 5-10 per cent of your portfolio in gold or gold-related instruments in order to hedge against risks to other instruments.” Try telling that to people who have seen their investment in gold double in three years flat. But ask we must: will investing in gold now lead to great returns?

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