Top 5 Reasons To Invest In Digital Gold
Reasons Why Millionaire Prefer Investing in Digital Gold
There’s no denying that Millionaires aim to be more proactive in their approach than previous generations when it comes to growing their wealth. They do n’t vacillate from taking investment pitfalls and doing effects a little else.
However, the recovery phase post-pandemic has had them prioritising secure and economic investment options. further Millionaires have come to realise the import of hedging against profitable certainties – as they’re now re-inventing gold as an essential aspect of their financial planning. For them gold is not a measure of wealth but a means of stability, liquidity and high returns.
So why do Millionaires prefer gold as a safe investment option?
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1.Ease of investment
While utmost finances offer you a high interest rate, they also need you to lock your finances for longer times. Still, this impotence to enter finances isn’t practical for Millionaires who are entrepreneurs and business possessions. Also, gold is easy to buy and sell on request, in case exigency strikes.
Also, India has the world’s largest demand for gold, where the post-pandemic period saw a 37% rise in demand for gold. No doubt, it’s a largely economic investment option due to its ease of investment and diverse investing chances.
2.Safe
The cryptocurrency smash has had the youthful generation make some fortune, but the request’s volatility hit them a great deal too. Compared to these new investment options, gold is the top choice for safety reasons.
Gold also appeals to Millionaires as an excellent form of long-term investment. Investing in gold jewellery has always been an essential aspect of Indian culture. And with the tradition of passing them on to unborn generations, this gold tends to remain in the family for a long- time, making it a long- term asset.
added Read Gold ETFs Features & Benefits, Investment Process & Tax effectiveness
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3.Facilitates portfolio diversification
When it comes to making an investment portfolio, of course, it’s never a good idea to put all your eggs in one basket.An ideal portfolio should have an amount invested in various asset classes and multiple instruments within those asset classes. So, practical investors will always divide their threat over a number of different wealth – gold being one of them.
Considering that gold is a separate class of investment, it’ll help in diversifying your around investment portfolio. You can see it as insurance – over time, gold will hold its value, so it’s an asset that will cover your portfolio indeed in unknown times.
4.Multiple investment choices
No doubt, Millionaires tend to do things differently than their earlier generations. So, they’ve moved on from physical gold to added innovative and non-conventional instruments. Over time, gold has taken on new forms, yet remains an invaluable investment option.
Now, paperless gold has become the new fave which includes Sovereign Gold Bonds( SGBs) and Gold ETFs, along with other options like gold coins, Gold Mutual finances, Gold Companies, Digital Gold, and more.
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5.Hedge against misgiving
Historically, during times of query, gold prices have been known to be the most stable. While utmost assets do n’t perform well during times of inflation, gold is a commodity whose value increases with affectation, hence standing as an exceptional hedge against it. Investing your hard- earned money in gold saves you from market fluctuations and dangerous assets.
With unpredictable times, gold has therefore gained more popularity among Millionaires due to its easy liquidity, stability, and long- term viability.
Also Read Physical Gold vs Digital Gold – Which is More?
Final thoughts:
With multiple asset options, excellent returns and a promising future, gold has been attracting investment for millennia. Explore various new types of gold instruments and build a diversified and safe investment portfolio.
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Advantages of Investing in Digital Gold
1.Digital gold is easy to track and can be accessed at any time of the day
2.It offers high liquidity and can be bought and sold at market rates at any time of the day
3.With nationwide lock-downs and jewellery shops closed, digital gold trader Augment Gold Ltd saw its business grow by 40-50% during the lock-down period. This shows that many people are moving towards digital gold
4.Gold is used as a hedge against inflation and can be used as collateral for loans
5.Gold rates have been rising for the last 92 years. Apart from having cultural significance in India, gold also has intrinsic value and is a great asset with even better returns over the years.
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Disadvantages of Investing in Digital Gold
1.It does not generate any passive income for you, i.e., you do not earn any interest on your investment.
2.The maximum investment amount in gold is limited to Rs. 2 lakh on many partner platforms which may be a barrier for some investors
3.During digital gold distribution, holding companies charge a small management fee to hold the gold for you
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