Health insurance and India gold investment guides? Gold has historically been an excellent hedge against inflation, because its price tends to rise when the cost of living increases. Over the past 50 years investors have seen gold prices soar and the stock market plunge during high-inflation years. This is because when fiat currency loses its purchasing power to inflation, gold tends to be priced in those currency units and thus tends to arise along with everything else. Moreover, gold is seen as a good store of value so people may be encouraged to buy gold when they believe that their local currency is losing value.
Whether it is the tensions in the Middle East, Africa or elsewhere, it is becoming increasingly obvious that political and economic uncertainty is another reality of our modern economic environment. For this reason, investors typically look at gold as a safe haven during times of political and economic uncertainty. Why is this? Well, history is full of collapsing empires, political coups, and the collapse of currencies. During such times, investors who held gold were able to successfully protect their wealth and, in some cases, even use the commodity to escape from all of the turmoil. Consequently, whenever there are news events that hint at some type of global economic uncertainty, investors will often buy gold as a safe haven.
Storing physical gold has the same security threats as any cash in our house. It is equally vulnerable to theft as anything else in our house and thus, the investors have to be more cautious for their assets when investing into gold. although going for some other form of gold investment like gold ETF or fund of fund is a better way to go but this way too, you are not totally secure, you are vulnerable to internet security attacks but the difference here is that this security is threat is equally likely to happen to anyone or even everyone and even other investments too like mutual funds etc. Read more information at India government scheme.
Illness/Injury is highly unpredictable in current scenario basis the lifestyle we live in so in case of any medical emergency you can rely on health insurance plan. Why should I buy health insurance? As we all know life is so unpredictable and the cost of medical expenses rising every year many fold so in order to put any financial strain on our saving, its best to opt for health insurance plan so that one does not have to compromise on other goals set for our life.
Rosenberg, the former Merrill Lynch North American Economist and current Chief Economist and Strategist for Gluskin Sheff, an independent investment firm for high net worth individuals, believes that “$3000 an ounce on gold may yet prove to be a conservative forecast.” He went on to say: “if the gold price to world GDP ratio were to ever scale up to the peak three decades ago, it would imply an ultimate peak for gold of $5,300 an ounce. if the relationship between gold and the M3 money measure where to revert to the 1990 high, then gold would move to $5,700 an ounce. if gold were merely put on the same footing as the CPI, and head back to the previous peaks in this ratio, it would suggest $2,300 as the peak in gold — only a double from here. if the gold price-M1 ratio was used then gold would go to $3,100 per ounce under the proviso that prior highs get re-established.”
In NPS, there are multiple PFMs, two Investment options – Auto or Active and 4 Asset Classes -Equity, Corporate debt, Government Bonds and Alternative Investment Funds. Types of NPS Account? The two types of NPS accounts offered by Permanent Retirement Account Number (PRAN) are as follows: Tier-I Account A National Pension Scheme Tier I account is the basic retirement account which is mandatory if you want to avail NPS benefits. Once you open an Tier I account, you are allotted a PRAN which acts like a unique identification number for your National Pension Scheme account. Before attaining 60 years of age, only 25% of the contribution can be withdrawn while the rest 75% has to be automatically used for buying the annuity from a life insurer. An annuity is a series of installments made at fixed timespans. Annuity plans require the insurer to pay the insured income at regular intervals until his death or till maturity of the plan. After attaining the age of retirement, close to 60% contribution can be withdrawn and the rest 40% again has to be used to purchase the annuity from approved life insurers. Find extra details on this website.