Monetizing Your Gold
By Shaibu Cherian, CEO – Paul Merchants Finance
8th February, 2023
“Gold and riches “is the phrase set true not only for today but from the advent of the economic cycle of the world. History states that India has been severally looted and several times invaded because of its gold, the desperation of the looters certifies that the gold is the ultimate asset that can extensively change anyone's fortune.
The glittery metal “gold” has always been labelled as a traditional wealth in our families that is most exclusively passed from one generation to many. An average Indian family still believes firmly in investing their wholesome chunk of funds into gold, despite many other options.
But why? What makes gold so special, well it is because of some simple yet genuine reasons.
- It is one such investment that’s value may increase many folds than to its actual cost price.
- It is the safest method of converting your banknotes.
- Can be Easily liquidated(can be sold easily)
- A considerable gift to your special ones (will be highly appreciated, liked and taken as a token for future security and investment).
From all the above, we have learnt that owing gold will do so much good than just dangling around your neck. But Monetizing this yellow metal will do unbelievable wonders.
YEAH! Since the time gold loans came into the picture, gold is not just a piece of jewellery anymore, indeed it has become an aid that will help you fetch your dreams. Generating super easy money, without worrying about your credit score and extensive documentation has made borrowing money at the exchange of your gold as smooth as walking on a piece of cake.
HOW TO EVALUATE THE VALUE OF YOUR GOLD?
Evaluation of gold and the gold loan hugely depends on not one but many pointers. Right from inflation to geopolitical factors and now an add-on reason- covid. The fluctuation in the market price of gold is a constant phenomenon.
But recently the market price of gold has skyrocketed, it has reached its all-time highest price of 58,840 rupees per 10gm. Last time during 2020 (the covid year)the gold touched the mark of 56,191 rupees per 10 gm.
The LTV ratio(loan to value) is at its best phase for now and as per the expertise and this uptrend of gold is predicted to be seen till the upcoming Diwali 2023. Getting a gold loan at this point will help the borrower get a good value for their hard-earned gilt.
The crisis asset “gold” can be the key to your dream project, or can be the urgent cash for any of your dire needs, be it marriage, sponsorship to your small business enterprise, studying or going abroad, be it anything. The gold loan will help you survive through any circumstances. Borrowing a gold loan in less than 10 minutes will take you 1000 steps ahead towards your aspiration
Where shall I avail gold loan from, you may ask?
Handling your gold to someone trustworthy is basic and most important. Paul Merchants Finance Limited is an entrusted NBFC(NON-BANKING FINANCE COMPANY)name in this industry. Lending the exact amount of money, as per the market value of per gram of gold with the best rate of interest is the aim. With bare minimum documentation and no additional charges for processing, Paul Merchants finance limited believes in upholding the faith of the borrower.
High funding, less rate of interest and various diligent scheme options will give your dreams a momentum in just minutes. The gold loan can act as your shield during your hour of need, selling your gold asset to a third party who may or may not give you the best value is not a sharp move, instead, why not keep it safe in exchange for its value, while still owing it. Once the need is fulfilled the gilded jewel of emotion will be in your own hands. Even a gram of gold will get you closer to your necessities.
Utilizing your own saved fortuity for your own needs is great, use your bejewelled asset wisely.
Gold hain toh Sahi hain !
