Last updated: 06 Jul, 2020 | 05:51 pm
This devaluation and volatility of currencies and increasing Sovereign debt vaults Gold to become a flight to safety investment. Countries maintain reserves of gold to support their currency volatility and hedge their risks. With Balance sheets across the world expanding (more debt levels), these reserves are more important than ever. The chart below compares India's gold reserves with some other major economies.
All this adds up to a favourable medium term environment for Gold prices and a great way to take exposure is via the Sovereign Gold Bond route issued by RBI on behalf of the Government of India which give you a fixed coupon rate as well as tax advantages!
Salient features and benefits of SGBs
Reach out to your personal family wealth office to help you invest in SGBs! Click on the Ask Advisor button below!