With the advent of online platforms, now many are investing in Digital Gold without any hassle. However, understanding what is Digital Gold, and why you should avoid it is also an important aspect.
Gold is always a kind of safe haven for many of us. Especially after the last few year’s uptrends in price, many try to invest a certain portion of their portfolio in Gold. However, long back I wrote an article on how volatile this asset is and why you should avoid it “Gold Price of Rs.18.75 in 1925 to Rs.47000 in 2020 – Should you invest?“.
But still, we have a tendency and firm belief that gold is always the best investment option and in fact the SAFEST investment option. In reality, like other asset classes, this asset also has certain risks, which many of us ignore.
What is Digital Gold?
For decades we love to buy gold. The majority of us earlier used to keep this in physical format. Safekeeping of such physical gold was the biggest headache as the…