Gold as an investment is a very popular option, especially in India. Families continue to pour money into gold for every occasion. Gold as an option for investment isn’t really an investment. Rather you can think of it as a hedge against loss in other asset classes such as stocks or real estate. It is a hedge against inflation since the real fear is that the value of the money you hold today will decline tomorrow. With an investment of this scale, it is very important to understand the consequences of investing in Gold.
Why P2P lending is a better option for investment when compared to gold.
High making charges: When you invest in gold in the form of jewelry, there are additional making charges which are levied by the suppliers which are not accepted when selling the gold stock. These making charges result in higher investment from you without any repayment in the future which greatly reduces the total value you receive from the investment. In Peer-to-Peer Lending, this is not a possibility. Market Lenders may charge additional service fees but these additional charges are always transparent and conveyed will before any investment. Often market lenders (such as Rupaiya Exchange) do not even charge lenders any fees.