Difference between physical vs digital gold holdings
Gold investment from the past until now has remained the prima donna for many people. This is because gold is considered an investment product that has a very low risk and is easy to cash out whenever needed. Following the development of today’s all-digital era, gold investment products have also developed from being only physical to digital. So what’s the difference?
1. Physical Gold vs Digital Gold Difference
There is a fundamental difference between physical and digital gold ownership in terms of capital. When you want to buy physical gold bullion, the smallest value that can be purchased is 1 gram or some gold publishers sell it for 0.5 grams. For the price of 1 gram of gold currently in the range of $ 55 thousand to the price of $ 75.
For some people, the value of this money was large enough to cause many people to delay buying gold. In contrast to digital gold, you can buy gold with quantities starting from 0.01 grams, so it is more affordable. You can save little by little to buy digital gold
2. Ownership
When viewed from a sense of ownership, then of course physical gold wins. The reason is, when buying physical gold, you can hold the item in your hand. You can also store the gold where you want it.
It is different from digital gold, where goods in the form of gold cannot be seen. The total amount of gold you have is recorded in your account. In general, institutions that issue digital gold are officially registered so they can provide a sense of security. But of course for those of you who want to be more sure, then physical gold is certainly an option
3. Gold Price Differences
If we talk about which one is more profitable, then in fact the two are equally profitable if they follow the official price of the gold issuing institution. It’s just that, in some places where there are no official institutions that issue gold, they have to buy from third parties, which tend to be more expensive.
This is different from buying digital gold whose price will follow the official gold price of the gold issuer. However, if you live in an area that has branches of gold bullion issuing institutions, then of course this is not a problem
4. Information Update Speed
Unlike buying gold at a physical institution, changes in digital gold prices will be updated directly on the system following the official gold price. Meanwhile, for physical gold, in general, the price of gold will remain valid throughout the day and will not change.
In terms of practicality, of course buying digital gold is much more practical because you can transact from home. But in terms of comfort and ownership, of course physical gold wins
Gold has been used as an important financial material in many countries and can be used as jewelry and hardware. The use of gold in the monetary and financial sector is determined to a large extent without a doubt the monetary value of gold itself against the monetary groups around the world, however, the authorities on the global trade in goods, the value of gold is recorded in US Dollars. The type of use of gold in monetary control is usually in the form of gold bullion or gold bullion in arrangements that are weighted grams to kilograms.
Today we live in a time of success when it comes to money and gold is not, at this time an important medium of exchange, but someone buys gold only for various reasons, such as speculation or just jewelery and our assets.
Gold business area that is mined by the legislature or the state, but is more of a privilege for the nation itself. while the network is in some cases a bit inconvenient, given the government guidelines related to this gold industry. How not to bother, if individuals who need to buy or put resources into gold are somewhat bound by heavy government guidelines, for example certain valuation measures, or different expenses. unless someone buys gold only for decoration or just to flaunt wealth. Information and reviews suggest that every year there must be new arrangements and advancements to change the world and human development.
DIGITAL GOLD COIN
we come back to the underlying subject, being Blockchain and a certain Gold. indeed, the two are joining and maybe I think everyone must be aware of what blockchain is, which is known as decentralization and the opportunity of all rights that exist in blockchain management. examining gold and blockchain, maybe that tends to be the answer to the problem I said earlier. at that point, which stage is the best and most solid method for consolidating gold and blockchain? Yaps, Digital Gold (called crypto i.e., stable GOLD coin) This stage runs on the Ethereum organization (ERC-20) we can call it a Token because this business has not produced its own blockchain yet. This stage is perfect for individuals looking to put resources into gold as you are basically buying 1 GOLD ERC20 = the first 1 gram. You don’t stress about losing gold from criminals because you only need to keep the private key containing the GOLD Token. Advanced GOLD is upheld with 100% real gold and stored in highly protected areas. You don’t have to worry because every GOLD token is awarded and the number of tokens available for use is consistently equivalent to the total number of gold bars stored in the safe / vault.
Computerized gold could also be an option for dealers as GOLD tokens are a steady resource with low uncertainty and a genuine refuge for digital currency financial specialists in the midst of instability (bear advertising). Buying gold is one of the ways to save your wealth from fiat expansion, gold has been proven to be a store of significant value and a long term inflated fence from several years before even before people knew about innovation, gold has been used as an exchange and a gem. . Gold Computerized has worked with some well-known collaborators, for example, Coinmarketcap, BitForex and has been checked for sharp agreement security by blockchain security organizations located in Swiss ChainSecurity.
Conclusion
Digital gold investment is the activity of selling, buying, and collecting gold through applications, either via smartphones or PCs. Very practical.
Digital gold investment starts from the smallest gram, depending on the platform it provides. In general, you can start as low as $ 10
The price of digital gold is cheaper than physical gold, because it is not encumbered with a certificate. You will only be charged a certificate fee when making a withdrawal (physical gold).
Choose a digital gold trading platform with clear permissions, so you feel safe and comfortable. https://gold.storage/
More Information Digital Gold :
Website : https://gold.storage
Telegram : https://t.me/digitalgoldcoin
Twitter : https://twitter.com/gold_erc20
Whitepaper : https://gold.storage/wp.pdf
Medium : https://medium.com/@digitalgoldcoin
Author: apaben
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=1239366
