I have to submit personal net worth statement. My question is, can I add ornaments (mainly gold) valuation in the personal worth statement? In the form I found a word 'metal" does it cover ornaments? senior plz reply.
The personal net worth statement means, all that you have got that can be turned into (liquid) cash. London and Singapore offices are the 2 well known offices that request applicants to fill in this form. Hence, Yes, Gold - Metal in this sense can be included on one's personal net worth statement.
In short, the personal net worth statement is the total of your assets minus what you owe.
In my view Gold alone can not be shown as proof of fund but could be part of your assets.
You will still need to show the required liquid cash to sustain you during the initial days. You may however sell/Value the Gold, (you will have to sell before Landing) if that is all you have.