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12.11 - 11:29
Gold ETF Vs Sovereign Gold Bond Vs Digital Gold: Differences to know in these investing options
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For the purpose of diversification across assets, most financial planners suggest investing in the yellow metal up to 10 per cent of one’s investment portfolio. But buying physical gold in the form of jewelry or gold coins comes with its own share of concerns – from storage to high making charges, etc. Owning gold in paper form through digital means has seen an increase and digital gold is fast becoming an easier, simpler and cost effective way to participate in the potential of gold as an asset class.
Buying digital gold simply means you spend money but do not get physical gold in hand instead you get a certificate or a document showing the amount of gold purchased by you or an online statement showing the holdings.
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