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When the economy crashed a few years back, people realised how risky it can be to have all their savings invested in stocks and bonds and even FDs. Many banks lost money and many businesses went out and many people who has all their money riding on high value stocks found they had no way to bounce back. A lesson people learned from that meltdown was that though these kinds of paper investments are important for your portfolio, you need some money invested in things like gold, silver and property that never are a bad bargain. This is why, today even the most financially wise investors will buy gold coins India and some also are smart enough to buy silver coins. What makes it so important to find the best gold coin to buy and the best silver coins? Fact is; when the economy goes down, the price of precious metal rises. And that means, in hard times you don’t have to dip in to your hard earned savings and can simply sell a coin or two to have running cash. Also, unlike jewellery, a gold coin sells a lot faster because it comes with required certificates and doesn’t need to be melted; the same jeweller who sold the gold will buy it back at the current rate. Families that are struggling with members losing their jobs or business going down-hill and get access to instant cash if they chose to buy 24 carat gold coins that was 99% pure gold and store it. Since gold coins are far easier to store as compared to jewellery, one can think of buying heavier coins. This is especially true for those nearing retirement age, as it is wise to have 30% to 40% of your savings invested in gold. This is because unlike other investments, gold offers protection against devaluation and should form a major chunk of your investments as you grow older. Younger people can still take a small iota of risk, whereas those nearing retirement need to have their money in places that guarantee 100% high returns so that they have peace of mind. Also, many people learnt the hard way that banks collapse as well and that taught people that though FDs and RDs are great investments, one also needs to buy gold coins India and even buy silver coins India to keep some part of their money safe all the time. Though property is another such asset that always guarantees returns, it is much more expensive, involves too much paperwork and time and also requires maintenance once acquired. On the other hand, when you buy 24 carat gold coins and buy silver coins India that are rare or antiques and will sell at very high prices, all you need to do is find out a safe place to store them and there is no third party involved in your investments. Choose to buy online gold coins and even silver coins online. Not only do you get better rates, you also get complete discreet transactions where no one but you know that you have recently acquired some gold and you can make arrangements to put it away safely in your vault to protect yourself against theft. Online transactions are safe and secure and hence a better idea.
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