Five reasons why this Akshaya Tritiya is a good time to invest in gold

With global growth expected to slow down, a 10% allocation will provide downside protection to your portfolio

One of gold’s most admirable qualities is its unchanging nature. Not only does it retain its shape and characteristics, more importantly, it also preserves its value over the long term. As financial commentator Peter A Burshre once commented: “Regardless of the dollar price involved, one ounce of gold would purchase a good-quality man's suit at the conclusion of the Revolutionary War, the Civil War, the presidency of Franklin Roosevelt, and today.” No wonder this imperishable and non-diminishing asset is synonymous with Akshaya Tritiya, a day meant to mark prosperity and wealth in Indian culture. But while we Indians love gold,