Digital Gold Investment Advantages and Disadvantages

By Mas Temon January 07, 2023 Post a Comment

Digital gold investment is currently loved by the public. Because, it is considered more practical, cheap, safe, and real because it does have physical gold.

Digital gold investment is an activity of investing in pure 24-karat gold assets with a rate of 99.9% online. How to invest in digital gold through an online gold buying and selling app.

This means that you can buy, sell and withdraw physical gold online. Through gadgets, such as smartphones or laptops from home.

Advantages of Digital Gold Investment

Digital gold investment or online gold investment has advantages, including:

Small capital

Investing in digital gold or buying gold online in gold trading apps can be started with affordable capital. The funds needed are less than IDR 10 thousand.

This is because you don't need to buy one gram of gold directly like an offline gold investment. For example, today's gold price is IDR 900,000.

Buying offline or conventional gold has to spend that much. However, the minimum digital gold investment for buying gold online is 0.01 gram or 0.001 gram. That's why it's cheaper.

There is a physical gold

Digital gold investment is not a halu investment. Even though transactions are carried out online or digitally, there is still physical gold. Provided by digital gold physical traders. You can also exchange digital gold for physical gold. Of course with a certified original print.

Gold transactions can be done at any time

Another advantage of investing in digital gold is that it is easier to buy or sell gold. Live from your cell phone, you can buy gold online and sell it anytime and anywhere.

No need to bother going to the gold shop. Save time, cost, effort, and avoid the risk of theft or other crimes.

Safer

Physical gold is usually stored in a guarantee institution or in a depository safe owned by a trader. So very safe. Unlike conventional gold investment. You need to provide a safe or gold depository.

If you don't have it, you are forced to store gold in your wardrobe, under your pillow or under your bed, making it prone to robbery, fire, flooding, and so on.

Disadvantages of Digital Gold Investment

Meanwhile, the disadvantages of digital gold investment or online gold investment include:

Prone to fall into fraudulent investment

Illegal online gold investment is still mushrooming. Offers the lure of huge profits without risk.

If you are not careful, you can get caught in fraudulent investments. Therefore, invest in digital gold or online gold transactions in trusted companies and apps.

Before making an investment, check companies or apps with official licenses registered with regulators, such as Bappebti, OJK, or other authorities.

Conclusion

Those are the advantages and disadvantages of investing in digital gold that Tech Education has outlined. Hopefully with this article you can be even smarter in investing