Reasons to Invest in Digital Gold

Spare8 provides a quick convincing argument for you to begin investing in digital gold.

100% Security and Purity

Did you know that the gold bought online is actually physical gold stored safely in a vault? It is also certified to be authentic 24K.

No Storage Cost

The gold you purchase is stored without any cost for 5 years or more. This is a better option than paying for lockers at banks or hoarding your gold at home.

Easy Liquidity

Gold is one of the most popular forms of investment as it can easily be bought and sold. In the last 10 years, the prices of gold have experienced a 300% hike, gaining the trust of its buyers. The resale of digital gold is seamless, much simpler and can happen at any time. With a few clicks on your digital device, you would’ve traded the world’s most long term value asset.

With digital gold, there is no floor price to invest with! Meagre investments such as Rs 1 are possible. When you begin investing small amounts, it can quickly collect and produce high returns. This creates security in investment.

Acts as a Hedge Against Uncertain Markets

Gold has proven to be a resilient and stable safety net during crises. With inflation, the value of currency can fluctuate and fall but gold remains fairly stable. Adding gold to your investment portfolio will diversify and lessen the risks.

Gold at your Doorstep

You can redeem the physical form of gold at any time and receive doorstep delivery.

Pandemic’s Influence

Pre-coronavirus gold was usually purchased in the form of jewelry or coins. The repeated lockdowns have led to various restrictions such as inability to visit stores or dealers. Yet gold is a commodity that has been relatively unaffected by the pandemic. Hence, the digital version is the best way to bag some gold.

Upcoming Market

From 1st Jan 2020 to 28th October 2020, the price of digital gold experienced a 33% surge.