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How To Save For Buying Gold In Future?

Discussion in 'General Discussions - USA & Canada' started by Bubbles, Oct 8, 2025.

  1. Bubbles

    Bubbles Silver IL'ite

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    Hi all!

    Not sure if this is the right thread to post, but here goes:

    Looking to start investing for DD's future. Specifically to start buying gold to give her at the time of her marriage (or atleast have it ready for her, whatever she chooses to do then;)). What are the best options? DD is very young, so I expect to be investing for atleast another 12-15 years.
    Buy Gold coins/bars? Buy gold-etf? Buy gold in India? Put money in savings/rd in US/India? Invest like regular but earmark it for future gold purchase?
    Please share what you are doing/have done and why you preferred it.

    I like the idea of buying gold bars or coins, but am worried about insuring it/safe keeping. So looking for ideas.

    Also appreciate advice on how I can figure out what my monthly investment needs to be able to buy X grams of gold in ~15years... (Neither googling nor Chatgpt could make it simple enough for my little brain:smiley:)

    Thank you for your time and input!
     
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  2. Viswamitra

    Viswamitra IL Hall of Fame

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    This is not an investment advice but just a suggestion. Please consult an investment advisor for detailed information.

    The best thing is to buy gold bars or coins and keep it in safe deposit with the bank. If you have enough money in the bank, the safe deposit locker may be free. Otherwise also, it is not a lot of rent to pay per year. You would never know what your daughter would prefer 15 years down the road. The gold bars can be converted into gold jewels or cashed in at the price 15 years from now.

    Alternative option is to invest in a portfolio consist of stock (both national and international) and bonds to have a mix. The objective is to have a decent return on investment each year. The years in which the risk is higher, at least balanced portfolio will not lose a lot. Similarly you may not get all of the upside in good years. You have to share with the investment advisor your risk tolerance up front so that they can decide the mix of investments.
     
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  3. MalStrom

    MalStrom IL Hall of Fame

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    If you are in US you can buy gold bars from Costco. Agree with @Viswamitra to keep it in a bank locker. It’s not safe to store at home. Back in the day middle-class families would try to buy at least one sovereign per year for each girl child so they could accumulate around 25 sovereigns for marriage. Those prices seem so quaint now.
     
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  4. lavani

    lavani Platinum IL'ite

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    everything is peak . stock/ inflation / gold / interest rates. i am not financial expert. may be some who are can pitch in. is this a right time to enter
     
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  5. Thyagarajan

    Thyagarajan IL Hall of Fame

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    :hello:Dear @Bubbles, It is a great idea to accumulate savings via investment in gold. Wise young women of India, always insists buy gold jewellery from time to time either joining monthly saving’s scheme or handing lump sum. In Chennai there are several established jewellers dealing in gold and encourage people to join in their range of monthly chit fund scheme .

    But as u hv rightly surmised buying gold and protect it one has to incur certain amount . Bank vaults both private and public provide this facility at an annual fee payable in advance which is not exempted from GST ie Taxed in India at present 18%.

    I happen to discuss buying gold as investment with Thanga Maligai & Lalitha Jwellery . If we acquire gold jewels from them, while cashing it, they deduct some fancy value as wastage. If gold jwellery bought from other place and taken for encashing it, these firms would deduct more from market value. If we buy sovereign gold coin it has more value and no wastage would be deducted at the time of sale. If we purchase gold jewels exchanging sovereign gold (24 karat ) and exchange it for buying fresh jwellery from the same shop there won’t be much loss in transaction.

    The higher the karat, the purer gold it indicates. Pure gold is classified as 24K, which is 24 out of 24 parts gold, implying no addition of any alloy. Lower karats have a mix of gold and other metals like copper or silver to make them stronger.

    But the generation ideas are different. The girls outside India and in West they don’t buy gold jwellery as much as in India North & South. World is changing fast and love for gold jwellery might wane. Demand for gold import may take a dip. However last few days the price of gold has been steadily increasing and chain snatchers in Chennai are happy and hunt in shopping areas with milling crowd.

    My friend claim that of all forms of investment ETF of MFs is the best. Private banks sell gold coins with purity 99.98 and anytime it can be sold back to them.
     

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