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Why do you follow international rates while you are sitting in Indian market?
admin admin
Sep 25, 2022 9:23 AM
Web Content Article
null {} null Why do you follow international rates while you are sitting in Indian market? As an LBMA accredited company we follow international market rates and we take pride as the only LBMA...
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What does MMTC-PAMP do with additional stones/gems in the jewellery?
admin admin
Sep 25, 2022 9:12 AM
Web Content Article
null {} null What does MMTC-PAMP do with additional stones/gems in the jewellery? We suggest bringing your old jewellery post removal of additional stones/gems to expedite the transaction duration....
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What are the documents required for the process and what is the duration of the process
admin admin
Sep 25, 2022 8:54 AM
Web Content Article
null {} null What are the documents required for the process and what is the duration of the process? It’s a 60-minute verification process and is displayed in real-time on CCTV. Your PAN Card,...
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What is the minimum quantity of gold that is accepted under the buyback process
admin admin
Sep 25, 2022 8:49 AM
Web Content Article
null {} null What is the minimum quantity of gold that is accepted under the buyback process? What are the charges? Minimum quantity of gold to be tested is 10 grams. The charges will be dependent...
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What is gold resale value?
akshith kapoor
Sep 22, 2022 10:14 AM
Web Content Article
null {} null What is gold resale value? Many people may not be aware that gold is sold at a set resale value and not the original or the current value. The resale value is subject to parameters...
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What is the best way to sell gold?
akshith kapoor
Sep 22, 2022 10:10 AM
Web Content Article
null {} null What is the best way to sell gold? The best way to sell gold is by opting for the right provider. For instance, MMTC-PAMP is an accredited and trusted buyer of gold, and the Buyback...
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How do you sell gold for cash in India?
akshith kapoor
Sep 22, 2022 9:59 AM
Web Content Article
null {} null How do you sell gold for cash in India? Indian households collectively hold 25,000 tons of gold amounting to Rs 110 lakh crores. Most people turn to liquidating gold for cash during...
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My digital gold seller has stopped servicing my account. How do I execute a transfer request of my digital gold holdings
admin admin
Sep 23, 2022 11:27 AM
Web Content Article
null {} null My digital gold seller has stopped servicing my account. How do I execute a transfer request of my digital gold holdings? Currently transfer of digital gold has been disabled for...
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My digital gold seller has stopped servicing my account. Where is can see my current holding
admin admin
Sep 23, 2022 11:26 AM
Web Content Article
null {} null My digital gold seller has stopped servicing my account. Where is can see my current holding? You can refer to your holding statement shared on email, or call our customer care to know...
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My digital gold seller has stopped servicing my account. Can I still continue to sell digital gold partially
admin admin
Sep 23, 2022 11:25 AM
Web Content Article
null {} null My digital gold seller has stopped servicing my account. Can I still continue to sell digital gold partially? Yes, you can sell partially. The residual balance shall be kept safely by...
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Is there anyone who ensures that my gold is safe inside MMTC-PAMP vault
admin admin
Sep 23, 2022 11:24 AM
Web Content Article
null {} null Is there anyone who ensures that my gold is safe inside MMTC-PAMP vault? Universal Trusteeship Services Ltd.(UTSL) acts as a custodian of the gold on your behalf to ensure that your...
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My digital gold seller has stopped servicing my account. I now want to Redeem my gold. what is the process
admin admin
Sep 23, 2022 11:23 AM
Web Content Article
null {} null My digital gold seller has stopped servicing my account. I now want to Redeem my gold. what is the process? We would like to assure you that your digital gold investment is safe with...
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My digital gold seller has stopped servicing my account. Can you transfer my account to another partner of yours? What is the process
admin admin
Sep 23, 2022 11:23 AM
Web Content Article
null {} null My digital gold seller has stopped servicing my account. Can you transfer my account to another partner of yours? What is the process? Currently transfer or gifting of gold has been...
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My digital gold seller has stopped servicing my account. I want to continue to buy digital gold. What is the process
admin admin
Sep 23, 2022 11:22 AM
Web Content Article
null {} null My digital gold seller has stopped servicing my account. I want to continue to buy digital gold. What is the process? We continue to offer our digital gold product through several...
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My digital gold seller has stopped servicing my account. Can I get my holding statement? Or can you please give me a holding certificate
admin admin
Sep 23, 2022 11:15 AM
Web Content Article
null {} null My digital gold seller has stopped servicing my account. Can I get my holding statement? Or can you please give me a holding certificate? Upon validation of your KYC, we can share with...
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What gold rate will be applicable for me if I am not selling my digital gold via seller using live pricing
admin admin
Sep 23, 2022 11:14 AM
Web Content Article
null {} null What gold rate will be applicable for me if I am not selling my digital gold via seller using live pricing? You shall receive the credit applicable for the weight of gold requested to...
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My digital gold seller has stopped servicing my account. I still want to hold on to my digital gold investment. Can I do that
admin admin
Sep 23, 2022 11:09 AM
Web Content Article
null {} null My digital gold seller has stopped servicing my account. I still want to hold on to my digital gold investment. Can I do that? Please be assured that the gold you have bought via you...
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My digital gold seller has stopped servicing my account. I now want to sell my digital gold. What is the process
admin admin
Sep 23, 2022 11:08 AM
Web Content Article
null {} null My digital gold seller has stopped servicing my account. I now want to sell my digital gold. What is the process? We would like to assure you that your digital gold investment is safe...
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Are there any charges associated with transfer
admin admin
Sep 23, 2022 11:06 AM
Web Content Article
null {} null Are there any charges associated with transfer? There are no charges associated with transferring gold balance. null {}
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Can I transfer my gold balance
admin admin
Sep 23, 2022 11:04 AM
Web Content Article
null {} null Can I transfer my gold balance? You can transfer your gold balance online if the partner platform provides features. The gold balance can be transferred only to the accounts within the...
Back Why it is Important for Entrepreneurs to Invest in a safe asset like Digital Gold
Every Indian entrepreneur has, at least once, faced the question ‘Are you sure about this?’ from a concerned elderly family member. Trading cushy salaried jobs to follow the entrepreneurial dream is indeed a risk that, while worth taking, comes with more challenges than the regular nine-to-five stint. And at the fulcrum of most of these challenges is money.
From breaking fixed deposits to scurrying around for procuring business loans, or hesitantly borrowing from friends and family, entrepreneurs face tough times financially, not just at the start, but also well into the next couple of years. As most start-ups take years to find their footing and start making profits, they may find themselves constantly financially challenged. Add to that the delay in concrete future planning due to the gap years of low or no funds inflow. These factors may cumulatively affect the overall financial standing, which is why it’s even more important for entrepreneurs to have a well-crafted long-term investment plan, both for the business and themselves.
What should an entrepreneur’s investment portfolio look like?
Entrepreneurs need to have a diversified portfolio with the right mix of high-risk-high-ROI and safer instruments. But should entrepreneurs be investing in high-risk options when they are already plagued with money woes? Since we’re considering it from a long-term perspective, stocks are a noteworthy fit here as they can be played around with during periods of favorable changes over an extended duration. And also while they may be tempted to avoid all risks, a little calculated risk can yield higher returns to tackle short-term exigencies.
However, given how unprecedented situations, such as the current global pandemic has changed the face of businesses, prompting various start-ups and even established companies to either halt operations or completely shut shop, it is important to have a sound investment strategy. And the yellow metal – gold – has stood the test of time, living up to its identity of a safer and resilient investment choice. In fact, gold acts more as a hedge than an instrument. While stock investments give you equivalent ownership of the company and bonds elicit a payable interest, gold, on the other hand, safeguards against economic inconstancy.
For instance, during last year’s peak pandemic period, while the volatility of the stock market had every investor on their toes, the value of gold jumped from Rs. 39,100 to Rs, 52,300 between January and October 2020. This establishes that gold finds preference in every entrepreneur’s investment portfolio.
But why Digital Gold?
As the median age of investors changes, so does their mode of investment. Traditional investment avenues are soon becoming obsolete, thanks to digital natives who want everything at the click of a button. Besides convenience, owning physical gold comes with security and safety risks and added expenses. The owner has to either find trustworthy gold vaults that come at a charge or live in constant fear of the safety of stored gold at home. Digital gold does away with these concerns and also omits the commission charges associated with physical gold bought from dealers.
The authenticity and purity of physical gold are also questionable, whereas, digital gold from MMTC-PAMP carries a 99.999% purity grade, thereby yielding the highest return value. Digital gold is also easier to transact in or liquidate, which translates into instant funds in times of contingencies- something start-ups need to unquestionably account for.
A smart investor must be cautious yet open to change, and the investment portfolio should mimic this attitude. A diversified portfolio with constant fidelity to gold as some percentage of the total could lead to a fantastic long-term payoff that enables solidifying and expanding from the business standpoint, and creating financial stability, from the entrepreneur’s standpoint.
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