Digital Gold Savings for Millennials Who Like Gold Investing
Cool hobbies these days are not those that spend money anymore, but rather those that produce. For example, those who cooking become merchants, those who like make-up become beauty bloggers or YouTubers, those who are narcissistic become celebrities and those who like to save become investors.
Now the many advanced online-based investments that are easy to do have changed people’s perceptions of investing, such as the risks and the difficulties. Advanced investments such as mutual funds, forex, p2p and cryptocurrency are some of the many examples of online investments available today.
And not to forget, conventional investment such as gold has also been developed into an online investment instrument that is easily accessible to the public, especially millennials who prefer online and practical things. Gold has long been a profitable investment instrument and is not difficult to obtain. But the weakness of investing in gold is initial capital. Not everyone has the cash to be able to invest in gold quickly, plus the frequent changes in the price of gold make many people, especially the millennial generation, feel confused about when is the right time to buy gold.
Digital Gold, the right solution for safe crypto-based gold investment
But, now there is no need to worry anymore. Now digital gold savings products already exist to overcome the difficulties of millennials who want to invest in gold in a contemporary way. It gets even more profitable when the advantages of gold are combined with cryptocurrency. Imagine, ease of access, security, and the latest investment in your hands.
So, what are the advantages of investing in Digital Gold that you should know? Here is the full explanation.
① Can Buy and Sell Online
Technological developments have made investing in gold now possible online. The process of buying and selling gold is now so easy because you can buy and sell gold anytime and anywhere through the application. Well, one of the platforms that provide digital gold investment services is Digital Gold. To understand more about Digital Gold, please read this article.
② Easy to withdraw
Another advantage of investing in gold is that it is easy to sell whenever you want. In fact, with Digital Gold investing, you don’t have to sell your gold to a gold shop. When the gold price is rising, all you have to do is open the application and withdraw the gold savings that you have collected so far.
③ Sales and Purchase Prices Can Be Monitored
The advantage of investing in Digital Gold on this one is not obtained if you invest in physical gold by buying jewellery.
This is because the price of gold jewellery is not fixed, and even tends to differ between one gold seller and another.
With the Digital Gold investment, the price of gold, both the buying price and the selling price is guaranteed to be fixed so that it is more profitable for investors.
④ Small Risk
Gold is known for its static price volatility in the short term. Therefore, the investment risk is much lower than other investment instruments.
The price of gold will not experience a drastic decline or a sharp increase in a short time. This trait is different from stocks whose price movements can be very extreme.
⑤ Can Start with Small Value
Many people think that investing in gold requires a lot of capital. In fact, there are already many platforms that allow investors to start investing in a small amount.
⑥ No worries about storage & maintenance costs
Apart from not requiring a special storage area, Digital Gold investment also does not need maintenance. Because the gold you have is digital gold.
⑦ Gold Can Protect Value
Gold is much more resilient to inflation than money. For example, you buy gold for $10 million. The exchange rate won’t be much lower when you sell it 10 years later. It’s different if you change into goods, such as vehicles or electronic goods. In the next 10 years, the exchange rate or value of the item will be much lower than when it was originally purchased.
⑧ Gold Prices Tend to Increase
Although the increase in gold prices is relatively slow, the prospects are very promising, especially during the economic crisis. Gold can be an asset that can give you an advantage in times of crisis.
In fact, in several instances, the price of gold actually increased during the crisis. For example, during the US economic crisis in 1976. Therefore, gold can be said to be less affected by economic conditions, both macro and micro.
⑨ Savior in the middle of an economic recession
If you are a stock investor, it’s a good idea to diversify your investment portfolio. One of the right investment diversification options is gold. So, when the stock price is bad, your investment will not lose in total because it is still supported by a relatively stable gold value.
An example was seen during the Covid-19 pandemic. In the midst of the collapse of share prices, the price of gold has actually strengthened.
⑩ Could be an Emergency Fund
When you need money suddenly but don’t want to sell assets or cash in on investments, gold can be a saviour.
It doesn’t have to be cash, whose value can be eroded by inflation, emergency funds can also be converted into online gold savings that are easy to cash in.
⑪ Many options
If you want to invest in Digital Gold, currently there are various platforms that you can use: Bitforex (GOLD/USDT) (GOLD/BTC) (GOLD/ETH), Cryptex GOLD/USD, Uniswap.
