In this article, we learn about e-gold investment and compare it with gold.
Often gold is regarded as a status symbol. many people take pride in wearing it. When a family possesses gold, it is always attracted with good luck and charm. In India when we considered the different investment options, gold seems to be the most attractive one. This is because gold brings the much-needed liquidity into the market play and therefore people scramble to buy gold. During the occasion of Dhanteras and Diwali, people often buy gold to give to the near and dear ones. But however, the investment in gold is not seen as a risk-free available option.
Did you know there are many risks and once is that you need to bear when you own physical gold?
First of all the risk associated with physical gold is major. Whenever you go to purchase physical gold all sorts of chargers are levied on physical gold. These charges include making charges, GST, VAT, etcetera. What’s more, is that these charges are levied in excess of 10 to 28% which can easily increase the cost of purchasing gold. Typically families in India store physical gold weather in bank lockers or safe vaults. So there is an extra charge that they have to pay to the banks for getting the locker facility. When you purchase electronic gold you are free to only the amount of gold that you bye. You do not have any excess charges levied on you and therefore the overall cost of the gold that you buy become affordable in nature. This makes gold affordable to more common people than ever before.
Here are the various reasons that prove to you that E-gold Investment is better than physical gold.
Zero Making charges
When you consider the option of buying electronic gold, you do not have to worry about paying making charges for the same. As this amount of charges are not applicable to electronic gold. the overall cost of gold that you purchase goes down. This makes gold more affordable to the common man and they can easily avail and get the full value of the gold for their money. Therefore e-Gold investment becomes a lucrative option for more people.
Invest as low as Re 1
With bullion vendors providing a physical platform, investing in gold has become easier than ever before. You get to invest in digital gold for as low as rupee 1 to as high as any amount that you like. Which becomes gold more affordable for the common people, and they can take advantage of investing in gold in an easier and more efficient manner. Gold becomes more accessible to them and to their families when festival occasions come into play. When you invest in digital gold you can invest any amount of money that you like and are comfortable with. This option of investing a minimum amount is freely available to you when you make up your mind to invest in digital gold.
24 Karat 999 Gold Assured
All of the gold you wish to invest in is traded in 24 carats only. So there is no other option for you to hesitate. Gold is backed and supported by bullion vendors, and 999 24 Karat guarantee for the gold that you buy. Therefore e-gold investment becomes even more attractive and lucrative for you. common people like you and me should always invest in 999 24 karat gold, as this is of the highest denomination that is available for us investors. This type of gold is of the purest form which is unadulterated in nature.
Instant Buy Back with an assured value
Another major reason for you to invest in Egold is that Bullion vendors offer you the chance to buy back your Gold. This is at a reasonable and full value cost of your investment.
If you ever want to sell the E-Gold that you brought in the past, you can avail this option. Buyback of gold assures you that you get the full value of your e-gold Investment. This also depends on market conditions and economic conditions for you.
Conclusion:
These are the various reasons that prove to you electronic gold is better than physical gold. You should invest in electronic gold as it mitigates the risk associated with handling physical gold. learn more about sip in gold here.
