Physical Gold vs. Digital Gold

Investing

Physical Gold vs. Digital Gold

Published July 25th, 2020 9:56 am

Since the old days, gold has been regarded as a symbol of wealth and status. But technology has divided the purchase of gold into two forms; physical and digital. Now the best way to choose between the two is by looking at their characteristics.

Physical gold like ornaments and jewelries are attractive. They are used as decorative items which makes you look like an affluent person. Since you can keep in under your custody at all times, you can even sell it whenever you want.

But storing and insuring physical gold can be a hustle. Whether you have a small gold chain, or a big gold bar, you still need to keep it in a secure place. For this purpose you can either create a locker in your cupboard or trust a third party (like banks) with it. However both options are time-consuming and costly. And once stolen, it is gone!

On the other hand, digital gold allows you to possess the product without actually having physical custody of it. You won’t have to worry about storing or transferring it. All the transactions with digital gold are done over the computer. All you have to do is create an account with Central Depository Company in Central Depository System. The procedure is as easy as creating a bank account.

So if you are not interested in decorating your house or yourself with gold, then digital gold is the best option for you!!  For more information go to https://www.cdcpakistan.com/businesses/investor-account-services/

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