After saving a few years, you realize that your money could do a lot better than simply sitting in a savings bank account adding up at a next-to-nothing rate of interest. First time investors prefer to stay cautious, and therefore look for low risk investment options.

The Investment Options:

Fixed deposits and recurring deposits are among the commonest and most widely preferred deposit options with investors, even though the returns are only marginally higher than a savings account.

Some others prefer the safety of gold to plant their investments in.

Now given that both options are relatively safe, let us look at each a little closer.

Analyzing Bank Deposits:

Before deciding on a bank deposit scheme, do the most obvious. Check the interest rate on offer. Compare it with the prevalent rate of inflation. If the rate of inflation is higher than the interest rate, your money will lose value if placed in a bank deposit. Be aware that interest earned through bank deposits is subject to income tax, which further reduces your earning.

Gold, as a safe investment choice:

Now let us study investments in gold. Gold is a physical asset, and its behavior over the years has been largely steady, barring a few ups and downs. Gold has retained its value over centuries, and going by that data alone, can be considered a very safe investment option.

While investing in gold, it is best to go for 24 karat gold. Being the purest form of gold available, 24 karat gold price is the highest and therefore offers best returns. It is also recommended that when investing in 24 karat gold, coins and bars are the most profitable options, as you avoid losses arising from making/wastage charges. To get the best prices however, an online store is ideal. The 24 karat gold coins can be bought at prices lower than retail outlets simply because online stores does not incur store running and inventory costs; a benefit which it passes onto its customers. Besides, your gold coins are delivered to your doorstep which saves you time and add on convenience.

Additional benefits to gold investments:

Statistics also reveal a rise in gold prices with an increase in inflation. This makes gold an excellent hedge against inflation.

Today gold production is far below the demand for this yellow metal. The price of 24 karat gold is therefore only expected to go up.

Gold can also be invested in Gold Deposit Schemes offered by banks. These schemes are generally exempted from Income Tax, Wealth Tax and Capital Gain Tax.

All said and done, gold makes an excellent buffer for a rainy day. Loans for all purposes can easily be obtained from banks against a security of gold. If needed, gold can also be sold very easily to raise hard cash. Considering all available facts, it can be concluded that gold makes a more robust investment option to bank deposit schemes as gold price always keep raising. We all know there is some ups and downs in the market price but you can clearly see the gold price last year is always lesser than this year.

Purchasing Gold coins online is really a risky business. Make sure you check the quality of the items you wish to purchase. Click here for 100% quality 24 karat gold price.

One of the best and the safest ways to invest money is to buy gold and Diamond jewelry. Visit our site http://www.caratlane.com/ for more details.

Author Bio: Purchasing Gold coins online is really a risky business. Make sure you check the quality of the items you wish to purchase. Click here for 100% quality 24 karat gold price.

Category: Business
Keywords: 24 karat gold price, Buy gold coins, Gold coins, Gold jewellery