Sovereign Gold Bond Scheme November 2021 Series VIII is available for subscription from 29th November 2021 to 3rd December 2021. Should you invest in these bonds? Who can consider investing in such bonds?
Note:-Before reading further, first understand whether your investment in Gold is for your own usage or as an investment. If for investment, then read my post before proceeding to this post “Gold Price of Rs.18.75 in 1925 to Rs.47000 in 2020 – Should you invest?“.
This is the eighth series of FY 2021-22. You can refer my earlier post to understand the complete calendar for this FY at “Sovereign Gold Bond Scheme 2021-22 – Calendar“.
This Gold Bonds scheme was launched in November 2015. The government launched this scheme to reduce the demand for physical gold. Indians buy around 300 tons of gold every year. This is to be imported from outside countries. Let us see the silent features of this scheme.
The Bonds shall be issued in the form of…