Who wants to lose the earned money, we have to take risks in many ways. Still, do you have a good chunk of money in your bank saving account then there is no guarantee that it is 100 % safe.
So, basically, the risk is everywhere no matter where you are investing or keeping your money. People do believe that investing money in gold and lands is really profitable too but it does take patience and long-term investment too.
I do remember that investment in gold is really worth it and I have seen the price increase from my childhood days. that was the year 2007 the 24 caret gold price for 10 gm was 11k INR which is approx 133.77 USD. Now it's the year 2023 the price of 10 gm of gold is 57,541 INR which is approx 699.76 USD. You can see a profit of 46,541 INR which is approx 565.99 USD per 10 gm.
In almost 16 years the returns are really good to imagine if someone has invested gold in the year 2007 now is a sure getting a good profit for sure, only if they did manage to hold this long.
you can look over the gold price chart in India - Last 50 years History, this seems to be more interesting I am surely planning to invest every year a small amount in gold. Gold is not the only one here, that has given a good profit long term too. But there are so many things that are now available that can give you a really good profit in a day you just have to be a little bit patient.
If you did notice today I mine while I am writing the post I noticed that crypto is rising again this is a really good sign for all of us for sure, especially since BTC is pumping and so do the others. sure this is not going to be long that much last so take this as an opportunity to grab some profit you are holding some crypto that you bought today or the past week then sure it's time to, sell that and make some profit. If you are a long-term holder then sure you dont have to worry about this small pump and dump too for sure. what about you? did you make some profit today?
Screenshot from Binance.
Not sure how long this is going to last, but I do have a feeling that it will dump again If that didn't happen then that is really good news for all of us. what do you think? I am not financial advice nor a professional investor or trader. So invert your own risk and research.
There are so many other opportunities to decide on crypto and gold too. I do think that investment in real estate is really a good type of investment too. If you do have good intel about the lands and some future projects on the lands then sure you can even double your money in a few years. Even if you don't want to sell your land or property I think the best way to get a good profit is by renting your property.
see you in the next post, till then keep learning and keep exploring...
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