Back Is Digital Gold a Safe Investment to Create Long-Term Wealth?
India loves its gold, whether through the lens of investment or as a symbol of legacy. India also currently has a sizable majority of the world’s millennial populace. The conjunction of these two important factors – somewhat like a marriage between the traditional investment mantras and the adoption of a technology-driven lifestyle – has given digital gold a favorable arena to grow.
Digital gold allows investors the same benefits of owning physical gold without the stress of authenticating its purity or worrying about its safety. Additionally, it eliminates the reduced returns associated with the depreciating value of gold in the form of jewelry.
Benefits of Digital Gold Ownership
● Hassle-free
Contrary to investing in physical gold that runs through the cycle of purchase and scouting for gold lockers for storage, owning digital gold eliminates numerous steps as the onus falls upon the provider. As the provider takes care of storage and safety and, in most cases, bear the convenience and other associated fee, owning and investing in digital gold becomes a quick and hassle-free experience.
● Convenience
Besides the convenience of ownership, digital gold is also much easier to buy and resell. With a tap on the screen, you can complete these transactions anytime and anywhere.
● Profitable
Buying physical gold poses the challenge of purity assessment and the added cost of commission and making charges, as these long-term assets are bought from dealers. MMTC-PAMP’s Digital gold carries its 24K, 999.9 authentic purity grade and eliminates the middleman, thereby comparatively making it a more profitable choice.
Should Digital Gold be a Valuable Player in Your Long Term Investment Plan?
The flexibility to buy and sell digital gold at any time and from anywhere has made it the choice of investment for digital natives looking to both experiment in the short term as well as draft their long-term investment portfolio.
Also, the younger generation looks at making investment decisions at opportune moments rather than auspicious days. This heralds the need for quicker transactions – that would otherwise not have been possible with physical gold – and has prompted netizens to quickly warm up to the idea of investing in digital gold.
Gold investments have throughout the years been touted to be a resilient and stable option and have found a favorable place in portfolios spanning generations. While the way the invested gold is held is changing, investment in gold, per se, is unlikely to go out of style, especially for those looking to include it in their long-term wealth-building kitty.
With the pandemic re-shifting the focus back to gold investments amidst the volatility of the stock market and digitization making the process convenient, secure, and safe, gold investment providers are seeing an influx of investors on their platforms.
As the average age of the investors keeps changing, so will their preferred way of investing. And while investment in gold will always hold value in every portfolio, as gold will continue to remain a profitable instrument reaping long-term gains, the traditional models of gold investment will soon be rendered obsolete with the evolution of technology. Considering investing in digital gold to build long-term wealth is a much smarter and safer move for digital natives opting for a trusted instrument in the comfort of the familiar digital space.
Categories
Recent Posts
-
My digital gold seller has stopped servicing my account. I now want to sell my digital gold. What is the process?
bhavika sony
Sep 30, 2022 6:37 AM
Web Content Article
null null null {} We would like to assure you that your digital gold investment is safe with MMTC-PAMP. The gold you have bought via you intermediary is allocated as physical gold under your direct...
-
My digital gold seller has stopped servicing my account. I still want to hold on to my digital gold investment. Can I do that?
bhavika sony
Sep 30, 2022 6:38 AM
Web Content Article
null null null {} Please be assured that the gold you have bought via you intermediary is allocated as physical gold under your direct ownership and stored within fully insured, certified vaults...
-
What gold rate will be applicable for me if I am not selling my digital gold via seller using live pricing?
bhavika sony
Sep 30, 2022 6:39 AM
Web Content Article
null null null {} You shall receive the credit applicable for the weight of gold requested to be redeemed. The price applicable shall be as on same day at 5 pm as cut-off. For requests received...
-
My digital gold seller has stopped servicing my account. Can I get my holding statement? Or can you please give me a holding certificate?
bhavika sony
Sep 30, 2022 6:40 AM
Web Content Article
null null null {} Upon validation of your KYC, we can share with you your holding statement. {} My digital gold seller has stopped servicing my account. Can I get my holding statement? Or can you...
-
My digital gold seller has stopped servicing my account. I want to continue to buy digital gold. What is the process?
bhavika sony
Sep 30, 2022 6:41 AM
Web Content Article
null null null {} We continue to offer our digital gold product through several other partners and you can continue to buy and sell digital gold seamlessly in future by opening a digital gold...
-
What is Gold Accumulation Plan (GAP)?
bhavika sony
Sep 30, 2022 6:54 AM
Web Content Article
null null null {} The GAP allows you to purchase gold using your Partner Platform account. The minimum transaction value across different platform varies from INR1 to INR1000. You can buy and sell...
-
What is live gold price?
bhavika sony
Sep 30, 2022 6:55 AM
Web Content Article
null null null {} Live gold price means the gold rate in Indian Rupees (INR) per gram of (999.9) fine gold as posted from time to time, exclusive of product manufacturing/making charges and...
-
How do I buy digital gold?
bhavika sony
Sep 30, 2022 6:56 AM
Web Content Article
null null null {} You can make an offer to buy Gold at the rate displayed on the Partner Platform in either rupees or grams. For example, you can buy gold worth INR1 and above or 0.1 gram and...
- News
- News
- Minted Products
- Digital Gold
- News
- Sell Gold
- Digital Gold
- Sell Gold
- Sell Gold
- Digital Gold
- Fashion & Culture
- Digital Gold
- News
- News
- News
- News
- News
Enter your mobile number to proceed
We are currently accepting new accounts by invitation only