Tuesday, July 20, 2010

Gold - A real boon for middle income group

Most of the Government servants come within the category of middle income groups. It means that our income and expenses account tally and left with meagre amount to save.

But we have to save for the rainy day. Now it is estimated that in an average people live up to 85 long years. The life expectancy has increased sharply. So after a certain period our flow will totally stopped. Then we have to live only on the source that is with us.

One of the best form of investments is Gold. Yes. But we need not invest in the form of ornaments. We may have the option of investing in the form of coins which are available with the jewellery shops.

Count your period up to retirement. If you are in the middle of your 30s then you will have another 25 years of service. 25 years means 300 months. From this month onwards if you can buy one or two grams of coin according to your saving capacity, then you will have around 500 grams. This computation is made with the hope that in some months you may be able to buy, or not , you may be able to increase the volume of total grams you are investing.

After 25 years 500 grams means multiply it with 12000. That is what the financial planners hope for the price of gram of gold in 25 years. You will have a fortune in your hand.

There are various forms of investing. Gold is one such thing. Wait for some more interesting thing tomorrow.

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