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7 Reasons Why Digital Gold Is The Best Saving Option

Rishi Chauhan by Rishi Chauhan
July 18, 2022
in Business, Blog
0
Digital Gold
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We all know how great it is to have gold in your financial portfolio. But not many people have the knowledge and neither many people are willing to show interest in investing in Gold.

India has the second-largest demand for gold in the world. Also, according to a report, Indian women hold 11% of the world’s gold.

In a country like India where people are considering GOLD precious and preserving it throughout the centuries. The rich Indian culture has mentioned in their ancient scriptures how they used it for various purposes such as trading, making war equipment, and many other things.

Most people have forgotten about the significance of gold, they trying to get into the stock market for short-term big gains through trading or short term investing.

But many reports have been published that gold can give you a higher return on investment than the stock market, just like a report by Financial Express indicates that investors have gained 9.4% by investing in gold meanwhile Stock market investors have gained 6.4% on their investments.  If you are not saving in gold you might be missing something big here.

Currently, the world is facing a serious problem of inflation, middle and lower class people are getting affected due to this and if you are saving in Fixed Deposits or in cash reserves you are losing your money.

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After all this discussion you might be thinking ok, now I should buy more gold jewelry and bars, right?

Not really, buying physical gold comes with a lot of hassle while handling as there is fear of getting stolen, and bulky making charges on every piece.

To get rid of all the hassle mentioned above you must harness the power of the digital revolution in improving your savings & reserving our financial future self.

Here are the 7 reasons why one should use DigiGold

digi gold

1. An innovative way to gift

Digitalize your way of gifting, no more old orthodox way of gift wrapping normal things. Now it’s time to gift something precious in an innovative way.

Normal gifts will stay in the corner after some time but DigiGold gifts will not only stay for long, it’s value will also increase.

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2. Trackable Savings

Unlike physical gold, DigiGold allows you to track the investment that further enables you to average down your holdings whenever the price drops.

For example – You bought 1gm gold at Rs.5000/gm & the price dropped to Rs.4000/gm which is like a 20% per cent discount. Now if you buy again then your average price becomes Rs.4500/gm. So, even if the price reaches back to your initial purchase then you’ll get a return of 10% (Almost double FD’s per annum rate)

3. Diversifying Your Portfolio

Investing only in the stock market, or real estate is not advisable. You have to invest in multiple sectors as advised by top financial experts “not to put all your eggs in one basket” & it’s true.

In addition to saving gold, one can use DigiGold to save silver, as they’re offering an equal amount of silver free with every purchase (as of now).

Second, In order to diversify further, you can break the gold purchase into two pieces by saving an equal amount of gold and silver (i.e., gold with Rs. 500 and silver with Rs.500).

4. Systematic Investment Plan (SIP)

DigiGold offers a systematic investment plan for their customers where users get to pay a particular amount at a particular date, it can be monthly, quarterly or six months. As you slowly start investing your money in gold gets invested into gold, it gives investors a hedge to their financial portfolio in case of any decline in other investment sectors.

It is not necessary that you need a big amount, to begin with, you can start small. The money you invest will be worth the equivalent of gold. 

5. Minimize Expenditures

 Buying gold with your daily budget that you plan for yourself every morning can cut expenses considerably. Starting small is wise, but start soon, because it may sound absurd, but if applied properly, it works wonders.

Further, you will save money and reduce expenses as a result of not having to pay hefty making charges for Digital Gold. Say you purchased gold jewellery of 20,000 rupees and it had to make charges of 5%, you’d have to pay Rs 1000 extra for it to be made. But if you avoid it and buy through Digigold can buy extra Gold of the same amount.

6. Achieving Financial Stability

Many people don’t save for rainy days or future uncertainties like medical emergencies which are the most common kinds of trouble we face.

In such kinds of emergencies, you can’t rely on loans that charges hefty interest rates, but savings in gold can help you gain that in case of any emergency situation arises.

7. Feasibility

In this digitalized world you can achieve financial stability from the convenience of your home. DigiGold makes investing in Gold and Silver easy as tapping on your phone.

The easy hassle-free process to get yourself into the world of digital gold, just set up your account and get your KYC done and start saving for the future.

Wrapping it up

Today’s world is developing at a lightning speed due to digitalization & the people who get in this revolutionary boat early are those who will dominate their future.

Read More: Flatmate.In Introducing : Make Your Team To Help Tenants To Look For Flat As A Group

Digital gold is something you should opt for as early as possible to reserve your future as there is no barrier to entry for investing, you can start with a minimum amount of ₹ 1 (also get ₹ 100 worth of gold on download)

Tags: Digital Gold
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