Digital gold, also known as gold-backed cryptocurrency, is a relatively new investment option that allows investors to own a portion of physical gold through a digital platform. With the rising popularity of digital gold, investors may wonder where they can buy it. In this article, we will discuss some of the places where investors can purchase digital gold.
1. Gold-Backed Cryptocurrency Exchanges:
Several exchanges specialize in trading digital gold or gold-backed cryptocurrency. Some popular exchanges include PAX Gold (PAXG), Tether Gold (XAUT), and DigixDAO (DGD). These exchanges allow investors to buy and sell digital gold just like any other cryptocurrency.
2. Precious Metals Dealers:
Many precious metals dealers, such as APMEX, offer digital gold as an investment option. These dealers offer gold-backed cryptocurrency that is backed by physical gold stored in a vault. Investors can buy and sell this digital gold through the dealer’s platform.
3. Gold Investment Platforms:
Several investment platforms, such as Goldmoney and BullionVault, offer digital gold as an investment option. These platforms allow investors to buy and sell digital gold that is backed by physical gold stored in a vault. Investors can purchase digital gold using various payment methods such as bank transfer, credit/debit card, and even cryptocurrency.
4. Mobile Apps:
Some mobile apps, such as Glint, allow users to purchase gold-backed cryptocurrency directly from their smartphones. These apps offer a simple and convenient way for investors to buy and sell digital gold.
It is important to note that investors should conduct thorough research before purchasing digital gold from any platform. They should check the reputation of the platform, the credibility of the gold backing the cryptocurrency, and the fees involved in buying and selling digital gold.
Digital gold is an exciting investment option that allows investors to own a portion of physical gold through a digital platform. There are several places where investors can purchase digital gold, including gold-backed cryptocurrency exchanges, precious metals dealers, gold investment platforms, and mobile apps. Investors should conduct thorough research before investing in digital gold and should always exercise caution when investing in any asset.