Just a few decades ago, we all remember how the internet was mocked, and pretty soon, it turned out to be revolutionary. As we look back in time, just a few years ago people were in complete mistrust of UPI payments. And now, the UPI payments have hit a record high of â‚ą14 lakh crore worth of transactions in March 2023 in India.
Every significant change was once not trusted because the potential was hidden or often overlooked. That’s the same case for Digital Gold.
People of this country have developed a notion that keeping hold of gold is what owning gold means. This has been inculcated for generations right from the days of famine and war a century ago. But we live in different times, don’t we?
Owning the physical form of gold not only comes with added costs but also takes a lot of scrutiny in terms of security. There are a lot of intricacies when it comes to how Gold is taxed in India and that’s exactly why the revolutionary Digital Gold came into place.
What is Digital Gold and how does it work?
Digital Gold is the new age way of buying 24k Gold virtually. The process is simple, you invest your money in Digital Gold, and in return, your investment is processed by the asset provider. And the processed amount is invested in gold by the asset provider and stores the yellow metal in the vault.
What are the reasons one should consider buying Digital Gold?
Digital Gold refers to an electronic form of gold that is backed by physical gold reserves. The concept of Digital Gold is relatively new for most, but it has been in existence for quite some time. And it took a digital revolution for people to understand the significance and safety the digital platforms come with. Here are some reasons why you might consider buying digital gold:
- Fractional ownership: Digital Gold allows investors to own a fraction of the gold bar or coin. This makes it easier for investors of any budget to easily invest and participate in the gold market.
- Accessibility: Digital Gold is known for the convenience it comes with. Unlike physical gold, which requires secure storage that comes with added cost. Moreover, digital gold can be bought and sold online from anywhere in the world.
- Transparency: Many Digital Gold providers offer real-time tracking of gold prices and holdings. This ultimately makes it easier for investors to monitor their investments and make informed decisions.
- Diversification: Investing in Digital Gold can help diversify your portfolio, providing a hedge against inflation and market volatility.
- Lower costs: Digital Gold typically has lower transaction costs compared to physical gold. Also if you plan to buy gold, it comes with wastage, making costs, and more.
How to invest in Digital Gold?
In India, there are quite a few options available when it comes to investing in Digital Gold. The major factor one needs to consider is if the institution is legit. Secondly, you need to understand how they allow you to grow your invested money in assets.
Fello is the only game-based investment application in India that not only allows you to save in Digital Gold but also help you grow it by merely playing games.
So, start investing today and reap the benefits of Digital Gold investment that’s set to grow massively over the years to come. Read more on Fello’s Digital Gold.
