National pension system and India gold investing recommendations? In previous years, increased wealth of emerging market economies boosted demand for gold. In many of these countries, gold is intertwined into the culture. India is one of the largest gold-consuming nations in the world; it has many uses there, including jewelry. As such, the Indian wedding season in October is traditionally the time of the year that sees the highest global demand for gold (though it has taken a tumble in 2012.) In China, where gold bars are a traditional form of saving, the demand for gold has been steadfast.
In general, gold is seen as a diversifying investment. It is clear that gold has historically served as an investment that can add a diversifying component to your portfolio, regardless of whether you are worried about inflation, a declining U.S. dollar, or even protecting your wealth. If your focus is simply diversification, gold is not correlated to stocks, bonds, and real estate. Gold stocks are typically more appealing to growth investors than to income investors. Gold stocks generally rise and fall with the price of gold, but there are well-managed mining companies that are profitable even when the price of gold is down. Increases in the price of gold are often magnified in gold stock prices. A relatively small increase in the price of gold can lead to significant gains in the best gold stocks and owners of gold stocks typically obtain a much higher return on investment (ROI) than owners of physical gold.
Return rates of physical gold are never profitable if you invest in the gold jewellery. The reason being that the price of jewellery is not only determined by the gold rates but it also includes the making charges and this is the just the half story i.e. when you purchase the gold. Now, when you sell the gold, the story is totally different, the making charges are not considered and you get the money only for the pure gold based on the gold rates of that particular day. Take for example; the gold rate in Mumbai during December 2015 was 27000 Indian rupees for ten grams of 24 karat gold and assuming that you bought a gold necklace of 20 grams for about 60,000 Indian rupees which include the making charges too. Now, due to some reason you want to sell it and you go to a shop who quotes the price only for the gold that necklace contains and not for the stones it has or the copper which weighs it down to only 13grams and the cost of 13 grams of pure gold in 2020 is only 40000 Indian rupees in 2020, obviously, it is a loss deal for you and thus, poor return rates are one of the downsides to keep in mind while investing in physical gold. Read additional info at National Pension system India.
Truth behind health insurance policy? As we have already discussed why one should have health insurance. Now let’s discuss about the Myths associated with health insurance plans. Health insurance is only need once we cross the age of 40. Being into health insurance industry for 8 years, don’t fall in this trap. It’s best to have health insurance plan as early in your life as it will provide a protection to your investment goal. As illness/injury does not sees one age and its best to opt when you are fit and healthy then insurer will provide the policy at a lower premium considering the risk. Having corporate insurance, no need to buy private insurance? It’s good your employer is providing you the medical coverage, but sum insured would be restricted to certain limit basis the rank you hold in your organization. So, at the time of medical emergency, there are good chances that group insurance might not provide sufficient cover so it best to opt for the private insurance with deductible benefit which comes at a lesser cost.
As President & Chief Global Strategist of Euro Pacific Capital, Schiff correctly called the current bear market before it began. As a result of his accurate forecasts on the U.S. stock market, economy, real estate, the mortgage meltdown, credit crunch, subprime debacle, commodities, gold and the dollar, he is becoming increasingly more renowned. He recently was reported in Business Week as saying that “People are afraid of the debasement of all the currencies. What’s surprising is that gold is still as low as it is … Gold could reach $5,000 to $10,000 per ounce in the next 5 to 10 years.”
Earlier, the NPS covered only the Central Government employees but NPS was made available to All Citizens of India (age group of 18-65) from May 2009. NPS brings an attractive long term saving avenue to effectively plan your retirement through secure and regulated market based return. PFRDA (Pension Fund Regulatory and Development Authority), the regulatory body for National Pension System, has appointed NSDL as Central Recordkeeping Agency (CRA) for NPS. Central Recordkeeping Agency is the first of its kind venture which will carry out the functions of Maintaining Records, Administration and Customer Service for all subscribers. An National Pension Subscriber is required to select the PFM-Pension Fund Manager as well as plan preference while registering in Central Record Keeping Agency (CRA) system under NPS. See even more info at https://profitsolo.com/.