Dhirendra Kumar suggests to stay away from gold from an investment perspective
28-Dec-2017 •Research Desk
What is your opinion on Gold ETFs?
Indians are fond of gold and buy jewellery. It is meant for consumption but we pretend it's an investment. My long-term view on gold is that it is an unproductive asset. It doesn't help whether you buy it in form of Sovereign Gold Bonds, Gold ETF or a gold fund. Equity and fixed income are the core financial investments which should be pursued and nothing else. If at all you need to have something else, then there are different things coming up like a recurring deposit in Sovereign Gold Bonds which is in planning phase. That is something to keep an eye on, but as an investment, stay away from gold.