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Indians purchase gold not only for its investment value but also for auspicious reasons. But there are risks to investing in physical gold like security concerns, storage concerns, making charges, and more
Buying gold digitally ensures safety and evades the hassle of having to worry about theft, damage and storage. It may be a good option if you are looking to buy gold purely for investment purposes.
There are numerous ways to buy gold. You can purchase it in the form of jewelry or bars, as gold mutual funds or sovereign gold bonds. However, buying digital gold online is one of the easiest and most efficient methods.
Let’s understand what digital gold is and how you can invest in it.
Investment platforms like Cube Wealth allow you to buy gold online with the assured purity. This is known as a digital gold investment. The gold bought online is stored in an insulated safe for a fee. You have complete control and can decide to withdraw it or sell it off.
You can buy and sell digital gold by Safegold with just a few clicks. You can even purchase fractions of gold, anytime you like and from anywhere.
Physical gold is not entirely safe to buy due to looming concerns of storage and theft. Plus, if you're not planning to wear gold, there's no point paying the jeweler's making charges. You can avoid these concerns with digital gold.
The popularity of digital gold has risen this past year due to the pandemic. However, it does come with limitations. Buying digital gold by Safegold does not generate passive income and you would have to sell the gold to get a profit.
But digital gold can do well against inflation. So there are pros and cons that you must weigh before you invest in digital gold. Speak to a wealth coach today to know more.
The easiest and most efficient way to buy digital gold is through the Cube Wealth app. Cube has partnered with SafeGold to allow you to buy gold in the safest and most transparent way.
Every gram of gold bought is backed by physical 24K gold and can be sold back at any time. The gold you purchase will be under your name and in a physical vault backed by Brink. Here's how you can buy Digital Gold using Cube Wealth in 5 easy steps:
2. Complete your KYC
3. Click On Digital Gold with Safegold
4. Tap on Invest
5. Transfer funds using UPI or net banking
That's it! You can even start investing with just ₹1000! Download the Cube Wealth app or speak to a wealth coach to know more about investing in digital gold!
Digital gold is one of the easiest ways to purchase gold, especially using the Cube Wealth app. It prevents the hassle of worrying about quality, storage and risk of theft. However, investing in digital gold will be based on your investment goals and other factors.
Speak to a wealth coach to know if you should invest in digital gold online.
Watch this video to know more about alternative investments
Top 5 Reasons To Try Our Powerful Investment App!
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