Gold Price Today: Is It the Right Time to Buy Gold? | Gold Price Prediction | Revanth Chalamala

Описание: In this crucial discussion on SocialPost Finance, Nihal speaks with Certified Wealth Manager Revanth Chalamala about the current state of the gold market and the concerns of investors who purchased gold at peak prices.

Key Topics Discussed:

• Ornament vs. Investment: We explore why gold is primarily used in India for ornament purposes and tradition, rather than being viewed as a wealth or investment vehicle.

• The High Cost of Ornaments: Buying gold jewelry means purchasing at a significant discount, often around 30% less than the invoiced price due to GST, making charges, and (waste/refining). Recovering this 30% premium takes a long period, often decades. If you are buying gold for a function (consumption purpose), the price increase or decrease is irrelevant; the purchase is necessary.

• Portfolio Allocation Strategy: For safe investment purposes, gold should typically constitute only a small percentage of your wealth, usually 5% to a maximum of 10% of your total portfolio. If gold prices drop by 10%, the impact on a well-allocated, diversified portfolio (e.g., 10% allocation) is minimal (only a 1% overall drop).

• Alternative Investment Vehicles: Direct physical gold purchases (like biscuits) are not always the best way to invest. Better investment options include ETFs (Exchange Traded Funds) or Bar Gold. Sovereign Gold Bonds (SGBs) were noted as a better option, though currently unavailable.

• Investing in Gold-Related Companies: Learn why investing in Gold Mining Companies or related mutual funds can potentially yield far greater returns than the rise in the gold price itself. A gold price increase of 10% might see gold mining companies increase by 20%. The profit is generally higher for the gold mining or jewelry manufacturing company (like Kalyan Jewelers) than for the direct consumer.

• The "Running Bus" Warning: Revanth Chalamala advises against "chasing the running bus" in any asset class—be it gold, stocks, or real estate. The current market is described as being in a euphoric stage, like an overloaded bus with an engine bore, meaning it is not the ideal time to buy. If you bought gold at a high peak for a defined purpose (e.g., a daughter's wedding), the advice is simply to wait.

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Gold Price Today: Is It the Right Time to Buy Gold? | Gold Price Prediction | Revanth Chalamala
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