Digital Gold solves the shortcoming because it offers all the advantages of traditional gold, without the hassles of determining secure storage for physical gold and incurring charges while liquidating the identical. Gold is one of the world’s oldest assets.
It’s been breathing since before any currency was introduced and hence, will always be trusted by governments across borders, making it a valuable and most trusted asset class.
Gold is usually bought as a secure store-of-value to cater to unprecedented circumstances but the shape within which it’s held isn’t always investor-friendly and winds up lowering one’s returns because of additional charges and taxes.
However, this may well be not the case for the younger millennial and Gen Z investors. The millennials form a majority of our workforce and subsequently last to become investors additionally. From a much bigger perspective, the younger generation is driving and catalyzing the subsequent revolution in wealth management.
These preferences have given a current life to an asset as old and reliable as gold, as wealth-tech platforms have simplified investments by integrating technologies that make gold digital, mobile, usable, and convenient.
These platforms allow millennials to hold gold for the future and build wealth gradually. Millennials are significantly influencing the wealth management space by encouraging traditionalists.
Lastly, with the numerous disruptions that COVID-19 brought into our lives, it also taught us certain things – one among them being the importance of getting a secure nest of cash to depend on when everything within the economy involves a stand-still, preferably parked in an exceedingly highly liquid, stable, and inflation-proof asset.
People are invested in gold for ages, and also brass has remained one of the popular asset classes within the country. Except for the physical gold, there are other options to take a position within the Muntz metal. Digital gold as an idea is kind of new in India.
Because the average investor age keeps changing, so will their preferred ways of investing. There will still be a bullish sentiment around the way forward for digital gold. The essence of investing in gold as a haven and an auspicious asset remains identical in India, while the ways to obtain and hold it should change from generation to generation.
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