Where should I keep pure Gold Coin? I want investment.?

Question

Where should I keep pure Gold Coin? I want investment.?

Answer 1

Keep it in a safe deposit box at a bank.

Answer 2

If you have a safe deposit box at the bank already keep it there. But, if you do not have safe deposit box than don't open one up and pay for it. I would not buy gold now anyway the price is too high!!

Answer 3

Pure gold coins are costly investments when compared with gold piece of 99.999 fineness.

If your purpose is to benefit from rising gold prices than buy pure gold pieces of 10,20,30 gms as per your financial outflows and keep them in a safe place or rather secured place - Bank lockers most favourable.

If you are an Income tax assessee, filing tax returns, disclose this item under investment from time to time.

When you make investment in Gold obtain receipts from the dealer and retain them for records. The source of investment will have to be proved to Tax officials when requested for so note to have proper accounting undertaken.