Consumer Alert: 5 Reasons Why Gold Bars And Gold Coins Are Ideal Gifting Options

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Details: Written by VaibhavJewellers; Category: Consumer News; Published: 02 July 2019; Created: 02 July 2019; Last Updated: 24 September 2019

5 Reasons Why Gold Bars And Gold Coins Are Ideal Gifting Options

There are many people, occasions and events in our lives when we want to gift something precious. And the first choice that comes to mind at such times is jewelry especially gold jewelry. But unless you know the person really well, and are completely aware of their likes and dislikes, their tastes and preferences in jewelry, there is a possibility of your choice disappointing the recipient.

My cousin's daughter got married in the US last year. I attended the wedding, as she was my cousin's only child, and my family needed to be represented. I knew my cousin's taste in jewelry, but I had no idea what would appeal to this once-removed niece of mine! I gifted her a gold bar. And she recently sent me a picture of a pair of bangles she had converted it into!

So why take a chance? It's best to buy gold bars and gift it to them. Or, if you're looking for something lighter and smaller, you can buy gold coins.

Here are 5 reasons why gold bars and gold coins are ideal gifts…

Consumer Alert: 5 Reasons Why Gold Bars And Gold Coins Are Ideal Gifting Options

1. No risk of wrong choice.

The first reason, and perhaps a very important one, is what I've already mentioned earlier. You don't have to lose sleep over whether the person you are so lovingly buying the gift for will like it. By gifting a gold bar or gold coin, you give your loved one the freedom to choose the jewelry they want to be made. They might even decide to just keep it aside for a time when they may need to convert it into liquid cash. Gold bars ARE considered good investment options!!

2. No "use-by" date.

Some may argue that a gift card also satisfies the 'no risk of wrong choice' reason. I disagree. They are not quite the same. Gift cards have a use-by date. I am aware of instances where gift cards have been forgotten or misplaced, only to resurface one fine day long after the expiration date! I've also found that gold coins and gold bars are put away more safely than gift cards. Somehow, they are more valued. So, for a well looked-after gift that has no expiry or use-by date, what better choice than gold bars and gold coins?

3. Choice of several denominations.

You can get these coins and gifts in several denominations/weights. This makes it easy to select a gold bar or gold coin to suit your budget and pocket. From a modest 1gm coin to the heavy London Good Delivery 12.5 kg bar, you are spoilt for choice!!

4. Choice of embossments to suit individual and event/occasion.

Ah! This is an area you might have to give some thought to. There are so many embossments available to suit religion, occasion, preference… Goddess Lakshmi, Goddess Saraswathi, Lord Ganesha, Krishna with Radha, Baby Krishna, Mecca, The Holy Cross, Queen Victoria… the list can go on. There's a gold coin or bar to suit every occasion. New home, birthday, puja, festival, engagement, wedding, new business, arrival of a baby – just choose an appropriate coin or bar, and you are set and sorted.

5. Ease of obtaining.

It is very easy to buy gold bars or coins. They are available in most jewellery outlets. You can even get them online. With more and more people opting for buying gold jewellery online, getting gold bars and coins online is a convenient option.

Take Vaibhav Jewellers. Their coins and bars are MMTC-PAMP certified. So quality is assured, and so is resale. With their 25 years of legacy and expertise, they would be your go-to destination for gold coin or bar needs. They have 12 brick-and-mortar stores across Andhra and Telangana, and a very user-friendly website if you'd rather buy temple jewellery. Their services and policies are completely customer-oriented. You'd be delighted with your buying experience.

And just take a look at what else they offer…

> Lifetime exchange.

> Free 15 day return policy.

> State of art Live Video Shopping.

> Free transit insurance on International Shipments.

> Free Domestic shipping.

> Customization services.

> EMI Facility.

> Smart Buy options.

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Consumer News: What's hiding in your car payment? 71% of borrowers aren't sure
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GAP coverage, extended warranties, and other add-ons may be rolled into your auto loan and you could be paying interest on them

By Kyle James of ConsumerAffairs

August 31, 2026

You may be financing coverage you forgot about: 71% of borrowers couldn't recall whether their loan includes GAP or an extended warranty.
Dig out your loan paperwork: Check what add-ons you bought, what they cost, what they cover, and whether you still need them.
Don't focus only on the monthly payment: Review your APR and total interest to see what your car loan is really costing you.

You probably know your monthly car payment. But do you know everything you're actually paying for inside that payment?

A new Caribou survey of 2,000 U.S. drivers with active auto loans found 71% couldn't recall whether their loan includes GAP insurance, and the same percentage didn't know whether they're paying for a vehicle service contract, commonly called an extended warranty.

That's worth checking because these products can add to the amount you finance, which means you could also be paying interest on them.

Grab your car paperwork and take a look. Here's exactly what to look for.

Find your original sales contract

Start with the paperwork from the day you bought the vehicle, particularly your retail installment sales contract and documents covering optional products.

Look for terms such as GAP, Guaranteed Asset Protection, vehicle service contract (VSC), extended warranty, maintenance plan, tire and wheel protection, or theft protection.

If you financed one of these products, its cost may have been rolled into your loan.

Pro tip: Can't find your paperwork? Contact the dealership's finance department and request copies of your signed purchase and finance documents. Get the paperwork so you can see exactly what you bought and what it cost.

Figure out what you're paying for

Finding GAP or a service contract doesn't automatically mean you made a bad purchase. GAP generally protects borrowers if a financed vehicle is totaled or stolen and the insurance payout is less than what's still owed.

A vehicle service contract is different. It may cover certain mechanical repairs, subject to exclusions, deductibles, and other conditions.

Caribou's survey found plenty of confusion around GAP: 38% of borrowers incorrectly believe regular auto insurance automatically covers the difference between their vehicle's value and what they owe.

So don't just ask whether you have coverage. Find out what it covers, what it cost, and when it expires.

Check whether you still need GAP

GAP can be particularly useful early in a loan when you owe considerably more than the vehicle is worth. But that situation can change.

Find your current loan payoff amount and compare it with a reasonable estimate of your vehicle's current value.

If your car is worth $24,000 but you owe $31,000, GAP could potentially protect against that $7,000 difference if the vehicle is totaled depending on your policy.

If your car is worth $24,000 and you owe $18,000, it's worth reviewing whether the coverage still benefits you.

Don't cancel based solely on an online vehicle estimate. Check the terms of your particular coverage first.

Pro tip: Put a yearly reminder on your calendar called "Do I still need GAP?" As your loan balance falls, check whether you're still upside down.

Read that "extended warranty"

If you discover that you bought a vehicle service contract, find the actual contract.

Check what's covered, what's excluded, your deductible, when coverage expires, and where repairs can be performed.

Then find the cancellation and refund section.

Depending on the agreement, some service contracts may allow cancellation and a prorated refund.

Before canceling, however, make sure you understand the protection you'd be giving up. One major covered repair could potentially be worth considerably more than the remaining refund.

Find out where a refund would go

Here's an easy detail to overlook. If you financed an optional add-on and later cancel it, don't automatically expect a check.

Depending on the contract and loan, a refund could instead be applied to your outstanding loan balance.

While that can still save you money, it may not lower your monthly payment. Instead, it could reduce your balance and potentially shorten the time until payoff.

So before canceling, ask the provider exactly how much you'd receive, where the refund goes, and how it affects your loan.

While you're there, check your interest

There's one more number worth finding while you have your loan documents open: Total interest.

Caribou found 70% of borrowers know their exact monthly payment, but only 25% could recall the total interest they'll pay over the loan's life. Just 43% knew their APR.

And 38% said the total interest was higher than they'd expected.

That's why focusing solely on the monthly payment can be misleading. A longer loan can lower the payment while increasing how much the car ultimately costs you.

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