Busting 5 Myths About Digital Gold

• by Admin
• March 15, 2022
• Buying gold

Digital Gold is the future of investing. But since it is an alien concept for a major portion of the population, people have formed a lot of myths around it.

 

Gold has been the most precious metal since the beginning of mankind, many wars have been fought and lives lost just to secure this precious metal. History has proven time and again that gold never loses its value; as a matter of fact its value only increases with time just like a fine wine.
In today’s technological era, we now have a new way of getting our hands on this precious metal which is safer, more convenient and much more effective than owning physical gold. Yes, you guessed it right, we are talking about Digital Gold.

 

Let’s Bust Some Myths That People Have About Digital Gold

 

1. Gold Needs Huge Investment

 

Actually, you do not need a huge investment to own Digital Gold. If you have some extra cash lying around in your bank account, you can buy it from the comfort of your home. You don’t need to have lakhs or crores of rupees, simply start buying and selling digital gold with as low as Re 1.

 

2. Digital Gold isn’t Pure Gold

 

Digital Gold is actually a digital form of Gold. It is the same 24k pure gold that you go out to buy in physical form. It is just that you are buying it in a digital form, but the value of gold is the same.

 

3. Investing in Digital Gold is very Risky

 

The digital form of Gold is as safe as the physical gold. The reason why people think that it is not a safe investment is because of the digital nature of the asset. On the contrary, its digital nature is what makes it even safer than traditional gold as you no longer have to worry about thefts or losing it, and you don’t even have to bother about keeping it safely in a locker.

 

All of these problems are eliminated if you buy Digital Gold. It is kept in a very secure vault which can be accessed by the customer whenever he/she wants to.

 

4 Digital Gold isn’t same as Physical Gold

 

It is just like gold. If you have physical gold, you can hold it in your hands. If you buy digital gold, you can hold it in your mobile, laptop, personal computer or in your email. It is the same gold but in a different form.

 

5 Gold investment doesn’t give any returns

 

There is no such thing as a non-return investment. Gold has been around for centuries and is one of the most trusted assets. Besides, it is backed by the government of the country. In fact, you can think of gold as the most reliable investment that you can make. The previous trend in the Gold market has also shown that the value of Gold is constantly increasing.

 

Conclusion

 

If you are thinking about buying gold and are confused as to which is the best way to go about it, then Digital Gold is the best way. It is a safe and promising investment. You can invest as little as Re. 1 in Digital Gold and get the same benefits that you would get if you invested in Physical Gold.
MyGoldKart is the only platform in India which allows you to make digital gold or silver investments. If you are thinking about investing in Digital Gold then we can help you with it.