Digital Gold as a Fullproof Investment Plan for the Future

With the world and technology moving faster than ever, the investing habits of people are also seeing a change. People have become conscious of their investments and the need to save. While some have opted for the digitalized way of investing, many others are still trying to fit in the crowd. ‘Gold is the Safest Investment and a Security’, we have been hearing this since time immemorial and it proves correct. Majority of the people invest in physical yellow metal rather than in digital gold.

It should be understood that digital gold online is the future of investment in gold. It is the new virtual or online currency that lets you buy digital gold online and sell online in a span of a minute. Spare8 lets you invest your spare change within minutes sans lengthy KYC processes. Just provide the basic information and start investing with Spare8.

Let us take you through pointers as to how virtual gold is a foolproof investment for future with Spare8:

1. Smaller Investment:

Digital gold as investment doesn’t involve beginning your investment journey with a large amount. Spare8 does not have defined minimum or maximum limitations with regard to online gold investment. You can start investing in digital yellow metal with just one rupee and invest as much as you want to. This virtual practice wasn’t even thought about a few years ago, but now you need not burn a hole in your pocket to invest in gold, instead start with as little as a rupee and see your investment multiply.

2. Seamless Trading:

When purchasing gold from an offline store, there are multiple processes that a buyer has to go through. Right from visiting the store, selecting the right piece, to bargaining over their charges. When this wasn’t enough, the jeweller includes making charges for designing the jewellery in your way. These steps and procedures take away the actual right of the customer and they end up paying more and receiving a lesser amount of the yellow metal they are entitled to. But, when you invest in digital gold on Spare8 you are not only receiving value for your investment but also getting guaranteed purity.

3. No Storage Cost:

One of the important and critical expenses cut out with the purchase of online gold is that you get access to a storage vault for maximum years at no additional charges. Spare8 stores your purchased digital gold online in vaults secured by regulated independent trustees. This way you are assured 100% purity, safety, and security.

4. No Lock-in Period:

Spare8 does not have any lock-in period for your virtual gold investment. You invest in online gold today and can take back your investment even tomorrow. So, this way you need not have to think more than once before investing in online gold.

5. Easy Liquidity:

Virtual gold is more liquid in nature than physical gold. With many investment options in gold online, you can invest and sell it at the ongoing market rates across the country and get returns in cash or kind anytime you wish to.

6. Authenticity:

When buying digital gold online you are not only assured safety or your investment but guaranteed purity and authenticity. Spare8 assures you 100% purity on 24K gold. It makes sure that all the gold bars or coins you purchase are meeting the customer standards and are certified by a government licensed agency.

Digital gold combines the convenience and speed of the online world with the safety and security of traditional gold buying. Online gold is always considered to be a safer and cost-effective option when compared to physical yellow metal. Virtual gold is a great option when you want to collect gold and have the flexibility over how to use it in future. On Spare8 you can redeem your gold investment for future jewellery, gifting, collateral for a loan or any other investment.

Buying or investing in digital gold on Spare8 is as easy as purchasing clothes, food or recharging online. You can buy the yellow metal online which is kept stored in vaults secured by regulated independent trustees on your behalf and can be purchased through multiple mobile e-wallets, UPI or internet banking. Digital gold online being a new offering in the country, doesn’t call for regulations guiding it yet. But Spare8 has taken it to itself by providing a robust system that protects customer interests.

So, what are you waiting for? Start investing in digital gold with your spare change on Spare8. With every digital transaction, small or big, we round off your spend to the nearest Rs. 10 and invest the spare change into a fund or gold of your choice. Spare8 helps you create an unintentional saving habit by creating an unintentional investing habit in you.