Better way to Invest in Gold -

The new Sovereign Gold Bond (SGB) issue opened today for subscription for 5 days from 17-21 May.

Thread on why consider SGB bonds vs physical gold this year-

1. Earn Interest:

Big Advantage - SGB offers 2.50% per annum interest. It will be credited to your bank account once every 6 months.

Physical gold sits ideal, gold bonds earn you money.
2. Safety:

Keeping gold safely is one of the major challenges that people have to face when buying gold.

However with SGB, gold is safe in a vault under Government surveillance.

Your bond can be kept in Demat format.
3. Purity:

Checking the purity while buying Physical Gold is a common problem but investing in SGB saves you from having to go through the trouble of checking purity as it is being issued by the Government and each unit you buy is backed by 99.9% pure 24-carat gold.
4. Collateral:

One of the lesser-known advantages of Sovereign Gold Bonds is that they can be hypothecated for taking loans which makes it equivalent if not better than buying physical gold.
5. Diversification:

It is a good opportunity for investors who can broaden and diversify their portfolio by investing in these SGB.

Just be aware of the lack of liquidity. If you need to cash out in less than 5yrs, then avoid this!
6. Tax Benefit:

GOI has exempt capital gains tax on redepmtion of SGB at the end of 8 years. Any capital gains arising at the time of redemption will be entirely tax-free.

However, the interest earned is taxable. But not TDS will be deducted.
You can buy SGB online through your bank or broker.

To know more about Gold as an investment, check free learning - https://t.co/jT4tqymNin

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Recently, the @CNIL issued a decision regarding the GDPR compliance of an unknown French adtech company named "Vectaury". It may seem like small fry, but the decision has potential wide-ranging impacts for Google, the IAB framework, and today's adtech. It's thread time! 👇

It's all in French, but if you're up for it you can read:
• Their blog post (lacks the most interesting details):
https://t.co/PHkDcOT1hy
• Their high-level legal decision: https://t.co/hwpiEvjodt
• The full notification: https://t.co/QQB7rfynha

I've read it so you needn't!

Vectaury was collecting geolocation data in order to create profiles (eg. people who often go to this or that type of shop) so as to power ad targeting. They operate through embedded SDKs and ad bidding, making them invisible to users.

The @CNIL notes that profiling based off of geolocation presents particular risks since it reveals people's movements and habits. As risky, the processing requires consent — this will be the heart of their assessment.

Interesting point: they justify the decision in part because of how many people COULD be targeted in this way (rather than how many have — though they note that too). Because it's on a phone, and many have phones, it is considered large-scale processing no matter what.