5.4 C
London
Thursday, December 1, 2022

20% Allocation in Gold ETF a Better Investment Strategy: Quantum AMC

Must read

Closing arguments begin in the Trump Organization tax fraud case

Closing arguments began Thursday in the tax fraud case against the Trump Organization, which is accused of a sweeping, 15-year scheme to compensate top...

Medibank Hackers Declare ‘Case Closed’ As Hoard Of Stolen Data Is Released • londonbusinessblog.com

The cybercriminals behind the Medibank ransomware attack have published what appears to be the rest of the data stolen from the Australian health insurance...

Coinbase says Apple forced it to remove NFT transfers from its iOS wallet

Coinbase has accused Apple of forcing it to remove NFT transfers from the Wallet app on iOS. On Thursday, it tweeted that Apple...

Hour One’s $20 Million Deck • londonbusinessblog.com

Over the yearshas Mike Butcher covered Hour one a number of times here on londonbusinessblog.com. The company uses AI to create text-to-video solutions...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

At a time when there are many risks and uncertainties in the global economy, an allocation of 20 percent is to: gold ETFs in an investment portfolio during Diwali are ideal, said Quantum AMC.



In a statement released on Monday, Quantum AMC said the gold price correction from its peak has made the metal affordable this holiday season.

“To get the most out of the correction, we recommend investing in efficient products such as gold ETFs (exchange traded funds) to maximize benefits,” Quantum AMC said.

Owning physical gold comes with additional costs, such as incurring fees, store premiums, storage issues, and a lower redemption value.

On the other hand, gold ETFs are highly liquid, incur no fees and provide exposure to insured pure gold.

Also, buy-sell spreads are tight, making ETFs price efficient.

The rise in US interest rates and the likelihood of the aggressive stance of the Federal Reserve by converting itself into rate hikes that could continue well into the next year as well, the gold price could remain at the lower end of the range, Emkay Global Financial Services said in a recent report.

“The current period of gold weakness may continue until there is more concrete information on the state of the economy in major economies, especially against the background of an aggressive trade-off of central banks that is unfavorable for growth and promoting stability,” Emk ay noted. Global on. .

In general, gold is considered a hedge against inflation, but this time it doesn’t seem so.

ALSO SEE:
PVR reports net loss of ₹71.23 crore in Q2, attributes it to Bollywood, Hollywood flops

Rupee drops 19 paise to 82.38/USD as foreign outflow weighs on investor sentiment

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Closing arguments begin in the Trump Organization tax fraud case

Closing arguments began Thursday in the tax fraud case against the Trump Organization, which is accused of a sweeping, 15-year scheme to compensate top...

Medibank Hackers Declare ‘Case Closed’ As Hoard Of Stolen Data Is Released • londonbusinessblog.com

The cybercriminals behind the Medibank ransomware attack have published what appears to be the rest of the data stolen from the Australian health insurance...

Coinbase says Apple forced it to remove NFT transfers from its iOS wallet

Coinbase has accused Apple of forcing it to remove NFT transfers from the Wallet app on iOS. On Thursday, it tweeted that Apple...

Hour One’s $20 Million Deck • londonbusinessblog.com

Over the yearshas Mike Butcher covered Hour one a number of times here on londonbusinessblog.com. The company uses AI to create text-to-video solutions...

How taking solo retreats is beneficial for founders and entrepreneurs

Opinions expressed by londonbusinessblog.com contributors are their own. A while ago I flew from Minneapolis to Panama City and then took a water taxi to...