Avoid Digital Gold; Opt for Gold ETF & Mutual Funds 💰

It is true that while buying digital gold you don’t have to pay any making charge. But as these companies store your digital gold in a secure vault and insure them, they incur a lot of costs.

And these companies collect these charges from you through the spread. Spread is the difference between the buy and sell price. You can check this difference on their site or with their partners. Generally, this spread is in the range of 3-6%. And that is huge.

Also, when you ask for delivery, you pay for making and delivery charges.

And currently, digital gold companies are not regulated by SEBI or RBI. These companies do promise that they have some trustee to oversee their management, etc. but you can’t be too sure of it..

Subscribe and share it with your friends if you find it useful.

#shorts #gold #digitalgold #digitalgoldrush #goldetf #goldinvestment #goldinvesting