Well, One thing is for certain. If i hold cash in pakistani rupees, Its value is always going to go down even if i do get interest on it. Pretty sure dollar is going to reach 100 this year or early next year.. So i cannot keep my money in PKR. Gold rates have fallen recently and i dont think they will fall further.. And even if they do fall, In the long term they are bound to increase, no?
Tbh, I think buy gold is probably my best bet. I could invest in Defence Saving Certificates for 10 years and 100,000 would become 308,000 after 10 years but then again, There is interest involved which is haram plus 10 years is a long time and with the way inflation is going even if i triple my investment in 10 years, It might still just be a marginal return taking into account inflation..
Are there any gold futures contracts which i can buy in pakistan? From my understanding you just buy these contracts instead of buying actual gold and the value of these contracts are dependent on the value of gold.. So if gold goes up, Value of these contracts goes up..