Explaining Digital Gold and Why You May Want to Invest in It Online
- March 23, 2021
- Doris Gray
With all the talk about investing in virtual currency, you may have heard about “digital gold.” Digital gold is not exactly virtual currency in the sense that virtual currency has no physical equivalent in the physical world even though it can be exchanged for real money. Digital gold is very different and stems from an outdated mode of investing in gold. To get a better understanding of what this online metal product is all about and why you may want to invest in it, the following is provided.
You Trade Real Money to Buy Real Gold, Except That the Gold Is Held in Trust
Decades ago you might have purchased gold certificates on paper to exchange later for actual gold bullion. The paper doesn’t exist here; it’s all online. However, you are buying real gold with your money. It’s just that the gold is held in trust in a bank for you until you want to withdraw it. Then the gold is sent to you through certified mail. Think of it as a bank having lots of bars of gold (e.g., Fort Knox), you are trading your dollars for some of that gold with the bank, and then the bank holds onto it to keep it safe for you. That’s essentially what is happening with “digital” gold.
Why You Should Invest in It
It is a very safe way to purchase a lot of gold over time. Gold always increases in value. To get started, visit PMC Gold at https://pmcgold.com.