Big Advantage - SGB offers 2.50% per annum interest. It will be credited to your bank account once every 6 months.
Physical gold sits ideal, gold bonds earn you money.
Better way to Invest in Gold -
The new Sovereign Gold Bond (SGB) issue opened today for subscription for 5 days from 17-21 May.
Thread on why consider SGB bonds vs physical gold this year-
Big Advantage - SGB offers 2.50% per annum interest. It will be credited to your bank account once every 6 months.
Physical gold sits ideal, gold bonds earn you money.
Keeping gold safely is one of the major challenges that people have to face when buying gold.
However with SGB, gold is safe in a vault under Government surveillance.
Your bond can be kept in Demat format.
Checking the purity while buying Physical Gold is a common problem but investing in SGB saves you from having to go through the trouble of checking purity as it is being issued by the Government and each unit you buy is backed by 99.9% pure 24-carat gold.
One of the lesser-known advantages of Sovereign Gold Bonds is that they can be hypothecated for taking loans which makes it equivalent if not better than buying physical gold.
It is a good opportunity for investors who can broaden and diversify their portfolio by investing in these SGB.
Just be aware of the lack of liquidity. If you need to cash out in less than 5yrs, then avoid this!
GOI has exempt capital gains tax on redepmtion of SGB at the end of 8 years. Any capital gains arising at the time of redemption will be entirely tax-free.
However, the interest earned is taxable. But not TDS will be deducted.
To know more about Gold as an investment, check free learning - https://t.co/jT4tqymNin
Retweet to create awareness.
More from Gold
Last Akshay Tritiya, had written the below thread 🧵 on which is the best way to buy gold, Physical, Digital, ETF or Sovereign Gold Bond and why?
Do re-tweet and help us educate more retail investors
#investing
Do re-tweet and help us educate more retail investors
#investing
What better day to discuss Gold, isn\u2019t it?
— Kirtan A Shah (@KirtanShahCFP) November 13, 2020
Topic - Physical Gold v/s Digital Gold v/s Gold ETF v/s Sovereign Gold Bond (SGB)
(Thread) \u2013 DO RE-TWEET FOR A LARGER REACH :)
(1/n)
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Why is this the most powerful question you can ask when attempting to reach an agreement with another human being or organization?
A thread, co-written by @deanmbrody:
2/ First, “X” could be lots of things. Examples: What would need to be true for you to
- “Feel it's in our best interest for me to be CMO"
- “Feel that we’re in a good place as a company”
- “Feel that we’re on the same page”
- “Feel that we both got what we wanted from this deal
3/ Normally, we aren’t that direct. Example from startup/VC land:
Founders leave VC meetings thinking that every VC will invest, but they rarely do.
Worse over, the founders don’t know what they need to do in order to be fundable.
4/ So why should you ask the magic Q?
To get clarity.
You want to know where you stand, and what it takes to get what you want in a way that also gets them what they want.
It also holds them (mentally) accountable once the thing they need becomes true.
5/ Staying in the context of soliciting investors, the question is “what would need to be true for you to want to invest (or partner with us on this journey, etc)?”
Multiple responses to this question are likely to deliver a positive result.
Why is this the most powerful question you can ask when attempting to reach an agreement with another human being or organization?
A thread, co-written by @deanmbrody:
Next level tactic when closing a sale, candidate, or investment:
— Erik Torenberg (@eriktorenberg) February 27, 2018
Ask: \u201cWhat needs to be true for you to be all in?\u201d
You'll usually get an explicit answer that you might not get otherwise. It also holds them accountable once the thing they need becomes true.
2/ First, “X” could be lots of things. Examples: What would need to be true for you to
- “Feel it's in our best interest for me to be CMO"
- “Feel that we’re in a good place as a company”
- “Feel that we’re on the same page”
- “Feel that we both got what we wanted from this deal
3/ Normally, we aren’t that direct. Example from startup/VC land:
Founders leave VC meetings thinking that every VC will invest, but they rarely do.
Worse over, the founders don’t know what they need to do in order to be fundable.
4/ So why should you ask the magic Q?
To get clarity.
You want to know where you stand, and what it takes to get what you want in a way that also gets them what they want.
It also holds them (mentally) accountable once the thing they need becomes true.
5/ Staying in the context of soliciting investors, the question is “what would need to be true for you to want to invest (or partner with us on this journey, etc)?”
Multiple responses to this question are likely to deliver a positive result.
