The DIGITAL GOLD is effective and convenient way of buying and selling golds online. The gold is stored in vault on behalf of buyers by the sellers.The buyer can sell his/her buying anytime they want as the process is done online.
Dr.Douglas Jackson and Barry K. Downey started E-GOLD in the year of 1996. But there were many drawbacks of the system as the process was irreversible. Many criminals used this for Identity Theft, Money Laundering. After the involvement of government several E-gold accounts were blocked. Later after investigations the founders were found guilty, many negotiations took place between founders and federal government which allowed users to retrieve their funds from their respective accounts.
The answer to this question is YES. When government imposed lockdown there was fall in demand of Gold although there were many marriage ceremonies took place but still market suffered from great loss.
During Pandemic, people tend to buy only necessary items like groceries and medications. But “Rise comes only after the fall”. When everything was getting back to normal there was sudden rise seen in Gold investments which indirectly rises the fall of currency during pandemic.
There are many applications available which allows gold trading or investments.(Kindly verify terms and conditions before investing.)
Some Commonly used applications are:-
There are many optional ways for investing like Mutual-funds, Stocks, Properties,etc. But considering Investment in Gold as long term portfolio would be better option as compared with quick benefits or short term portfolio.
As far as previous data is concerned the demand for Gold will increase in the upcoming years, so initializing with small investments can definitely give high amount of returns.
