Physical Gold vs Digital Gold: Complete Comparison and Tips for Choosing the Right One

Investasi Digital - Posted on 07 September 2024 Reading time 5 minutes

DIGIVESTASI - Gold investment continues to be a popular choice among people. However, which is better between physical gold and digital gold? Check out the following comparison to make the right investment choice.

With the advancement of technology, gold investment is now not only available in physical form but also digital. Physical gold, in the form of bars, requires large capital and a safe storage place, such as in a bank, to avoid the risk of theft.

 

In contrast, digital gold investment offers a smaller capital and does not require physical storage. Digital gold is purchased in the form of value or data online.

 

Capital Differences
The current price of gold bullion reaches around IDR 700,000 per gram, which may make some people hesitate because it requires a large capital. Digital gold comes as a solution with more affordable capital, starting from Rp 100 or Rp 10,000, allowing investment with small amounts.

 

Sense of Ownership
Physical gold can be seen and felt in person, giving a real sense of ownership and security. However, digital gold is only recorded online and cannot be physically seen or held. However, digital gold is managed by a system that guarantees the existence of the gold backing the data.

 

Storage
Physical gold requires secure storage, such as a safe deposit box at a bank, which comes at an additional cost. Digital gold, on the other hand, does not require physical storage and can be accessed at any time through an online account at no additional cost.

 

Gold Price Updates
Physical gold investors need to monitor the price of gold bars regularly, often by visiting a gold shop. Digital gold, on the other hand, makes it easy to monitor prices through an online gold buying and selling application, which can be accessed anytime via mobile.

 

Practical
Buying or selling physical gold involves time and queuing at gold outlets. With digital gold investment, transactions can be done practically anytime and anywhere through an online platform, saving time and effort.

 

Conclusion
Physical gold and digital gold each have their advantages and disadvantages. The choice depends on your needs, financial capabilities and investment goals. Physical gold remains a popular choice, but many are turning to digital gold for its convenience. It is important to ensure that the digital gold trading platform or agent you choose is registered and supervised by the Financial Services Authority (OJK) to avoid fraud.


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Source: finansialku.com

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