What is E Gold?

E Gold is the electronic form of gold and largely used to invest in Gold. Investment in e-gold has the following added benefits:

There is no doubt on the genuineness of the gold
There is no security concerns relating to storage of the gold
The cost incurred in storing the gold like renting lockers, safe etc is nil
There is no risk of theft.

Given the above factors, the demand for investment in e-gold has increased manifolds. This can be obtained in the demat form and also can be converted to physical gold anytime at the request of the investor. Every unit of e-gold denotes 1 gm of physical gold.

E-gold offers higher yield than Gold ETFs as the latter is exposed to various charges like asset management fees, custodian fee, security services fee, etc. To know the current value the your investment in Gold ETFs, you have to track the NAV of that fund but in the case of e-gold the value is the value of gold price on that day.

Also, all Gold ETFs does not provide the facility of actual delivery of physical gold. Given these factors, e-gold provides for a lucrative option for investing in Gold.

1 COMMENT

Amanda Quintero February 14, 2016 at 2:52 am

When it comes to gold people can get dubious about investing on it but truth is, in this market is getting more popular every time. Now, you can choose to between solid or digital gold, both option has it risk but also advantages and is up to you to decide which one will you prefer.