Gold has always been a reliable investment. It maintains its value through time and counters inflation and economic hardships. But beginners often make several mistakes while investing in gold which often leads to losses.
Akshaya Tritiya is one of the most important and well-known festival days in India. It is tied to the concept of wealth, a time of new beginnings, great luck, and unending blessings. Many people consider this day to be an appropriate, auspicious time for starting something new, buying real estate, and spending large amounts of money on extravagancies. The most familiar and anticipated tradition is buying gold on Akshaya Tritiya. But what makes gold so special?
We may not realize it, but we all experience inflation daily. When the prices of goods and services go up over time, inflation occurs, which makes your money less valuable. When things get more expensive over time, we say that inflation is happening. If the value of embedded cash savings declines when inflation rises, it worries those looking to protect their wealth. This is where investing in precious metals can help.
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