Digital Gold, a New Way to Invest in Gold

tangkurak12 (33)in #gold • 5 years ago

Digital gold investment has actually been known for a long time. But in its development, gold has become a form of investment that has a stable value without being affected by inflation. Even every year the price of gold continues to rise. As of August 16, 2019, the price of gold reached 49 USD gram. The price of gold is currently up 14 percent compared to January 1, 2019 which reached 42 USD grams.

Digital gold instruments are now starting to be in great demand among the young and millennial. JakPat research results say, 50.8 percent of millennial generation favor gold as an investment instrument. Digital gold is a favorite of the public because it offers a low risk profile, a relatively more stable value, and is easily managed. Another research result from the marketing survey agency Inside ID in 2018 revealed that digital gold is still a favorite investment instrument of the world community.

Physical Gold Investment in Digital Gold

Along with the development, gold investment which was originally in the form of physical gold transactions began to turn to digital. This investment is known as digital gold. Digital gold investment is gold whose ownership records are carried out digitally. The process of buying and selling digital gold is done through digital platforms such as applications or websites. https://gold.storage/market

Although the transaction is done digitally, physical ownership of gold remains a mandatory requirement for traders. Digital gold traders must be certain to have a physical form of gold before making a sale and must be stored in a special storage area.

Safer

Being able to avoid inflation and high interest rates, digital gold investment is arguably safer than other investment instruments. Gold fluctuations are not as extreme as stock and crypto currencies.

Pegadaian Harianto's Product Development and Marketing Director recommends investing in gold if your assets want to be safe. Although it is safe, it's a good idea not to put all investment portfolios in gold investments.

Diversify according to your risk profile. "We do not recommend all of its portfolios in digital gold, but at least, if you want to be safe, 10 percent of our assets are in the form of digital gold."

Digital Gold supported by (ERC20)

GOLD is a digital crypto foreign money asset (token) backed up with the aid of physical gold and issued on the etherum blockchain (ERC-20) which is purchased each and every time a token is issued and saved securely.

GOLD token is the safe, convenient and rapid solution that serves many purposes from investment and portfolio diversification that I discussed formerly in a bid to ensure the protection of each transactions you make as a crypto currency fanatic as nicely as the presents you send to your relatives.

GOLD is a obvious economic asset in contrast to the banking device with so many secrets, with Gold as a token, the physical gold bought by means of the Gold enterprise is without problems matched in real time towards the amount of issued Digital Gold tokens. And we solely have atleast 7,200 Gold tokens minted for use.

We all have experiences about the volatility of the crypto market leaving tokens with uncertainty; however with Gold token, it is extra of a digital secure belongings which secures the prices always.

With Gold token helping you to swift between Crypto currency/Fiat, you can enjoy the inflated value that comes with Gold itself.

To wrap up the simplicity of the platform, you can buy the Gold token either from the change platform or from the website; Also, all Gold transactions are free besides charges and you can store securely in any ERC-20 supported cryptocurrency wallets.

Buying and selling digital gold is more practical

The process of buying or selling gold is easy, you just go to a jewelry store or gold shop and then trade. However, in today's fast-paced era, this method is no longer practical for some people.

Besides you need to travel the distance to that place, you also still have to queue to buy or sell.

A more concise way can be found if you buy and sell gold online. Buying and selling digital gold can be done through cellphones and cryptocurrency. https://cryptex.net/trade/GOLDUSD

You also don't need much time or energy. At one time, you can already buy digital gold or sell gold without the need to queue.

Well, the two ways of investing in digital gold above, either directly or buy gold digitally have advantages and disadvantages. You can adjust it to your needs, financial capabilities, and investment goals.

In addition, to remember, digital gold investment is a long-term investment. So, buying digital gold from now on will be far more profitable because prices are not too high. After buying, you can save it and wait for the price to go up.

Therefore, do not delay buying digital gold. The sooner the better!

Ownership of Digital Gold

Buying gold on the Cryptex crypto exchange means you immediately have safe digital gold. You can have and and hold it in the long run. In other words, you can have the gold digitally without time lag.

This sense of ownership gives security and guarantees that gold is already in the wallet. You don't need to worry about spending money on something that isn't obvious.

Such concerns also make many people still do not want to buy digital gold online. In fact, if researched buying gold online also requires permission and a guaranteed process.

Although digital gold is not directly owned by you (because you can only buy gold in small amounts), the gold is recorded in your account. Every accumulated gold is also supported by the same amount of physical gold by the company concerned.

So, you don't need to be afraid to buy gold digitally as long as you pay close attention to the terms and conditions and the legality of where you buy digital gold.

Conclusion

Anyone who invests in digital gold must be diligent in checking the price of gold, especially for those of you who want to sell or buy it in the near future. Now, without any application, you must be diligent in visiting websites or exchanges to find out the latest prices.

GOLD thought it was an opportunity to look for a big prize to buy big gold bars and make computerized resources. The GOLD token is the initial display that is implied to be really only a few times like the actual conservation capacity. after you buy GOLD, you can make a portion of the physical bulldog help after a while.