When there is a 916 mark on gold then understand that this gold is a high standard and pure gold. Mostly the gold is very soft that it cannot be molded. So there is some cadmium alloy added to it to make it firm. So always the charge is of 916 gold price singapore.
If you have some savings and you think that you should invest it then gold is away. You can invest in 916 gold price Singapore to get good returns on your investment. In this article, you will get to know about ways in which you can invest the gold.
Items that are equivalent to gold
- Physical gold – physical gold can be worn in terms of jewelry or coins. You can invest in gold jewelry that can be worn. If you do not like to wear gold, then you can plan to invest in physical gold coins or bars.
- Gold exchange fund – if you don’t want to hold a physical gold purchase then you can invest in the gold funds. For this, you can ask your investment advisor.
- Gold stocks – you can purchase any kind of gold stock or stock of a business that is in the gold industry. If the industry does well then you will get a good amount of return.
- Gold certificate– the certificates are proof that you have gold under your name. Gold can take a physical space so you can get a certificate which is equivalent to gold and stores very little space.
This is how you can invest in different types that are equivalent to gold.