Is Selling Your Unused Gold To Adyama Gold Jewellery a Good Idea?

Gold is one of the most cherished items that people accumulated around the world. But why do they do that? It is something that has any purpose in the modern world, or is it something that is set deep in the mentality of the common people where we are doing because of some old traditions and teachings of the ancient days?

In this blog, we will dive deep into the concept of gathering gold as an asset and we will try to find out if it is a wise thing to do in the modern days!

Most households in India have gold articles lying idle in their lockers. But the good news is that they can be put to good use when you need them the most. When you need money, you can use your gold articles to fund your immediate financial requirements. Not by selling your gold, but by pledging it to a lending institution. There are various banks and NBFCs across India that offer gold loans to their customers at attractive interest rates. But before applying for a gold loan, you should be aware of its procedure, merits, and demerits, which are further discussed in the post.

In our cultural heritage, gold has always been considered “Streedhan” or the wealth of a woman. The matriarchs of the household used to stockpile gold to hand it down to the daughters of the household to provide them with a part of the property while the boys got the land and other assets. But things have changed a lot since the days of the past. It has been a universal currency where in the world of looting and pillaging, where you need to move along a lot it made a lot of sense to stockpile gold. In the modern day of peace, does it even make sense to gorge on gold as a way to save up on your money?

But that isn’t true in the modern days. When we stockpile gold at our house, we are locking up our money in the locker with no hope of returns in the future or ever getting any money out of it except for the time sell. And when we buy gold as jewelry, we instantly lose value due to the mixing of other metals that are not paid back. Also, when we buy gold, we are overcharged with making costs and other ways.

Gold yields no revenue. No dividend or interest. It is not even like other assets that will be effective. Money invested in gold is money hoarded. The only claim to fame for gold is its merit as a store of value. Imagine a dire situation when you have to leave your home and run away as a refugee to another land. What would you take with you? Nothing except gold will have international currency and help you remake your life anywhere in the world. Gold is a store of value.

So, what should you do with your ancestors’ gold stockpiled? Well, though there is no good answer to the question, the only way that you can free up your money from getting wasted while lying in your locker is to sell your unused gold to us at Adyama Gold Jewelry and free up your money to use it as capital in the other ways, or rather in more short term high return places.

And when you sell your gold at Adyama Gold Jewelry, you will find the best rates on return of gold, and too within minutes, due to the proprietary nature of our top-of-the-line XRF machine, we can determine the value of your precious metals at the blink of an eye, within minutes, freeing up your money, stuck in this mess into investments that will give you a lot more freedom with your wealth.

So, the next time you are thinking of selling your unused gold, Think Adyama Gold Jewelry! Coz after all, we are the best store in the city, who you can trust with your eyes closed.