Currently, people investing in gold do not have to buy physical gold first, but digital gold that is intangible is also available, which we can store in a mobile application. For ordinary people digital gold is considered fraud, for that we need to educate them that digital gold is also official and recognized by the government and has many advantages over physical gold, can you help me explain the advantages of digital gold?
What are the advantages of investing in digital gold?
- Thread starter Suba
- Start date
The only advantage of digital gold is that it is not bulky as physical gold. Due to the bulky nature of physical, it is difficult and not safe to move about. While digital gold share the same quality and value with physical gold, it is safer to buy and hold digital gold than physical gold.
I noted that some banks here offer digital gold trading account. If you would like to invest in gold, there's no need to buy physical gold. Just open a digital gold trading account. You can buy and sell gold at the market price easily.
The value of gold is increasing while the monetary value of assets is decreasing that is the main reason behind why people choose to invest on gold itself as see as money increasing.
It will be possible if you have perfect money account so you exchange from perfect money USD to egold and invest in the gold value.
- Thread starter
- #9
That is one of the advantages of digital gold, which is that it is easy to exchange or buy and sell and is universal or global in nature.
