00:00Has the sky-high prices of gold ever stopped you from making large purchases of jewelry?
00:13Then you're not alone.
00:15This is why jewelers come up with saving schemes where you can buy gold after paying for it
00:19in installments.
00:21But is this wise?
00:22Yes, it does help make gold more affordable for you and can help you save.
00:28But there are risks.
00:30For instance, you will have to buy gold from the same jeweler where you started the scheme.
00:35And if you don't find what you're looking for, you won't be able to get a refund on
00:38your deposits.
00:40Similarly, you will have to buy gold at the market price at the end of the deposit term.
00:45And as you may know, market prices fluctuate very severely and this raises the chances
00:49of your losses.
00:51So keep in mind these risks when approaching jewelers and using their saving schemes.
00:58For more information, visit www.fema.gov
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