Take Loan Against Gold to Finance Assets India

 

Take Loan Against Gold to Finance Assets India

The gold price is ballooning like hell. Recently the gold price has touched the new height of Rs.21,000 per 10 grams. And after the news of Quantitative easing 1 (QE2) by the US Government, it is likely that the gold price will further shoot up.

What I personally don’t like about gold is, its non-productive aspect. The gold is the non-income producing asset class. Means suppose if you have Rs. 1 Crore value of gold in your possession today than your this asset will sit idle in your home or bank lockers and does not produce any Cashflow/Income for you.

While on the other hand, you are working hard to earn that money. While suppose if you own Rs.1 Crore valuation of Business than that business can make you Rs.10-15 lakhs (10-15%) of annual cashflow without you working hard for the money.

So What here I want to say that, don’t work hard for the money but make your money work hard for you. And now, you can do this by taking a loan against gold.

Well, see. Your gold has ballooned in its valuations since 2005. The gold has almost tripled since than. So What the smart investors can do is, they can pledge their gold and take a loan against this gold and start their own business or finance any other assets out of this borrowed money.

Well, I am not saying that it’s risk-free. But well, after all everybody has to take a risk to become successful in the life. The following Indian Banks/Financial Institutions are giving a loan against gold.

1. Allahabad Bank
2. Muthoot Finance
3. Manappuram Finance
4. Federal Bank
5. Central Bank of India
6. HDFC Bank

Here are the Gold Loan Interest Rates India

This is the great chance to finance your new business (or any other asset) by pledging your gold and taking a loan against gold. This is the best chance to use your non-income producing asset (Gold) by borrowing money against it and financing your own cashflow producing asset (Business).

So Don’t miss this chance.